Sales value in case of sales

CA. RAGHAV GARG (CHARTERED ACCOUNTANT) (710 Points)

30 August 2011  

Dear All,

 

It will be great help if anybody could explain :

1. At what Value, the Export Sales are to be Recorded ? Whether it is CIF Value or  FOB Value ?

2. Kindly Quote some citation or standard in support of your answer

3. Is it somewhere prohibited to book our sales on CIF Value for accounting purpose?

 

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     Thanks and Regards,

 

 

 

Garg Garg & Associates
Raghav Garg |  Partner | Chartered Accountants

 

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Kothi No. 35, Sector 7, Urban Estate,

Kurukshetra, Haryana 136118

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Board: +91 1744-222484 Mobile: +91 981 222 0035  

Email: ca.raghavgarg @ gmail.com

 

 

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