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

Dear All,

I want to confirm,if Head office's address has been mentioned on the invoices issued but goods are delivered to branch office.How to record this transaction whether to record on Head office or Branch? Please consider point mentioned below while interpreting your answer:-
1) Payment of goods has been made by Head office.
2) Goods is non vat-able item

Dear All,

One of my clients has received foreign currency in its icici bank current account through deutsche bank. The Deutsche bank has converted the money & RTGS into the current account of icici bank. Now who will issue us the FIRC certificate. The ICICI bank is saying that Deutsche will issue the certificate. Also due to all this we are getting delayed in filing the report to the RBI scheduled to be filed within 30 days of receiving the money. Plz help how to proceed.

Amit

Dear all ,

Can you tell me what is rate of custom duty?
Clearing & forwording agent also charge 7.50% & 10.00% according to material ..? what this ?