Proforma invoice & how to solve tnsaction

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Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2016 As a Individual, I want to do export I have a export number. I want to sell goods to yuganda. I have a contact through my Friend. Buyer made payment in my friend account. In this case what can i do? How to prepare invoice? Provide me a proforma. Also suggest me a journal entry. Reply as soon as possible.

Dr.RAMAKRISHNA. C

Dr.RAMAKRISHNA. C (Expert)
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30 July 2016 Individuals having Proprietorship firms are allowed to under take export or import. Hence, your Importer Exporter Code ( IEC ) must be in the name of your Proprietorship concern. Unless you are a manufacturer exporter or merchant exporter tied to a supporting manufacturer you are disallowed to export against the payment received by your friend on his name in his account. For export the mandatory documents required in your case are Bill of Lading/ Airway Bill, Commercial Invoice, Packing List, Shipping Bill and Self Declaration Form. You may approach a Customs House Agent ( CHA) / Customs Broker to procure specimen of these documents.

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