Accounting for Import Purchases
This query is : Resolved
13 May 2020
On making PO with 50% advance payment for importing the goods . The goods reaching after 3 months in port with BOE and kept in warehouse (SEZ). Taking goods from warehouse by paying customs duty based on BOE from warehouse. When to make purchase entry and what rate because of two BOE. How the party balance for the goods kept in warehouse to be accounted. whether goods in warehouse can be added in stock?
25 May 2020
You will be booking your Invoice with the Original Purchase Invoice ant not with BOE.
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