EXPORT PROCEDURE OF COMPANY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2010
HI
RESPECTED MEMBERS
CAN ANY ONE GIVE ME PROCEDURE OF EXPORT SALES
I AM VERY CONFUSED WHAT TO DO FOR EXPORT SALES.
AND I AM DOING TAX AUDIT OF PVT. LTD. IN SUCH COMPANY SALES ARE RECORDED AS FOLLOW:-
1.QUANTITY IS RECORDED FROM EXCISE INVOICE
2.RATE IS RECORDED FROM SHIPING BILLS
AND AT THE TIME OF PAYMENT FOREIGN EXCHANGE RATE INCOME OR LOSS IS CONSIDERED.
WHETHER IS IT CORRECT?
AND PLEASE EXPLAIN THE PROCEDURE OF EXPORT SALES
THANKS
IN ADVANCE
RESPECTED MEMBERS
CAN ANY ONE GIVE ME PROCEDURE OF EXPORT SALES
I AM VERY CONFUSED WHAT TO DO FOR EXPORT SALES.
AND I AM DOING TAX AUDIT OF PVT. LTD. IN SUCH COMPANY SALES ARE RECORDED AS FOLLOW:-
1.QUANTITY IS RECORDED FROM EXCISE INVOICE
2.RATE IS RECORDED FROM SHIPING BILLS
AND AT THE TIME OF PAYMENT FOREIGN EXCHANGE RATE INCOME OR LOSS IS CONSIDERED.
WHETHER IS IT CORRECT?
AND PLEASE EXPLAIN THE PROCEDURE OF EXPORT SALES
THANKS
IN ADVANCE
09 August 2010
According to me it is advisable to go through the last audit report and AS-11. From these 2 you will be able to find the solution.
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