Clarification
This query is : Resolved
CA Nitin Wadhwani
(Querist)
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.
In My Opinion It Should On Date Of Commercial Invoice Not At The Time Of Recival Or Payment.
Ram Avtar Singh
(Expert)
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
CA Nitin Wadhwani
(Querist)
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.
Ram Avtar Singh
(Expert)
10 August 2008
As per AS-11 We will face techinical problems in production & Cleareance etc.
CA Nitin Wadhwani
(Querist)
10 August 2008
Plz Specify Them
CA Nitin Wadhwani
(Querist)
02 September 2008
There Are No Problems
Deepak Agrawal
(Expert)
11 November 2008
DAte of Import booking should be date of date of bill of entry.
CA Nitin Wadhwani
(Querist)
13 November 2008
Yes.
I Also Agree With Your Answer.
I Also Agree With Your Answer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- LLP audit and disclosure
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Gift to nri relatives resides in usa
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
