In which currency export bill should be...INR or USD

Which rate will be used for calculation of FOB value of exports in revised schedule VI. Whether it will be exchange rate on Export date or on the date of realisation.

Dear Sir,

Can we take benifit of Duty Drawback for Local Purchase Item used in sale of export.

Dear Sir/Madma,

Company A : MNC Company & 100% Parent of B
Company B : Indian & 100% subsidiary of A
Company C : Indian Company and customer

C places order on A for a big contract.
A places order on B for few parts of this big contract.
As per instruction B supplies to C with ED & CST

Now B wants to raise invoice on A.
Can he raise invoice without actually the material being exported? If yes, which taxes he can charge?

Regards,

If one Co transfers its employees on 01.09.2011 from One Co to another Co . & year ends on 31.12.2011 which co will show salary exp in its books former or later and for which period
I mean 1st co salary exp = & second co salry exp equals to?? also if I need to provide for leave salary for full year Jan 11 to Dec 11 ..full provision will b shwon in later or former or proportionate pls advise
Many Thanks
atharparkar@gmail.com

Dear Sir,

Kindly clarify me the below query.

Here we are receiveing Shipper & CHA Invoices in that we see some USD and also exchange rate as per Customs Dept. Now my query can we consider this Customs exchange rate for our accounts or should we follow the exchange rate as per RBI as of Invoice date.

Will there be any issues by Income Tax Dept if we follow the Customs rate.

KIndly advise me what is the proper accounting procedure for such invoices on this regard and do needful

Dear All,

One of my clients wants to export handmade textile products to japan.They have obtained import export code. Now can anyone plz help in explaining the procedure & documents required for export. Also can we export through Courier from post office.

Plz Guide.

Amit

How should i realise the import value of raw material by courier becoz there is no bill of Entry?

Respected Sir,
I want to know about complite procedure for,
Export Machinery which was imported under EPCG.

With thanks & Regds.
Hemant Joshi
hemant_joshi1966@yahoo.co.in
+919426512751

Dear experts please tell me if i have submitted installation letter to DGFT regarding imported capital goods but we have not proof/acknowledge of the same & now,how can i get/know the same proof/acknowledge from DGFT WEBSITE or any other mode.
Thanks