Clarification

This query is : Resolved 

10 August 2008 I Just Want To Opine On The Answer Given By Ram Avatar Singh On The Question When To Book Import Purchase?/

In My Opinion It Should On Date Of Commercial Invoice Not At The Time Of Recival Or Payment.

10 August 2008 As per Excise Rule when we received the Material we should take Entry in RG 23 A Part I & Duty RG 23A Part II, as well as we can take Accounting entry

10 August 2008 Yes For Excise Purpose U r Answer is Correct But For Accounting Purpose It is The Date Of Commercial Invoice As Per AS-11.

10 August 2008 As per AS-11 We will face techinical problems in production & Cleareance etc.

10 August 2008 Plz Specify Them

02 September 2008 There Are No Problems

11 November 2008 DAte of Import booking should be date of date of bill of entry.

13 November 2008 Yes.
I Also Agree With Your Answer.


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