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High sea purchase

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29 May 2018 Dear Sir/Madam

Good Evening

We have a High sea purchase in the FY-2018-19, what documents could be asked in internal audit/statutory audit by Auditor

Thanks in advance

Regards

30 May 2018 1. Initial purchase order 2. Bill of Entry in your name 3. Proof of payment of duty in your name (payment challan) 4. Sales invoice which is dated prior to the import date 5. Lorry receipt in your name 6. High seas sales & purchase agreement between you and your seller

30 May 2018 Dear Sir

Good Morning and Thank you for your reply

Is it mandatory to keep foreign seller invoice (Original invoice) and packing list.

If, yes could you share some government rule (some section of law), because High sea seller don't want to provide the same to us, so that cost should not be disclosed to us.

Please reply, thanks in advance.

Regards




30 May 2018 Hi Santosh,

Original invoice and packing list is not mandatory since you have an agreement with your Indian seller. The Indian seller sells the goods to you on the basis of high seas sales agreement entered by him with you. There is no government rule for providing exporters invoice to you. It depends on commercial terms.

01 June 2018 Dear Mr. Harshal

Good Afternoon and hope you are doing great

Could you let me know

1. In High sea sale agreement which invoice value need to be mentioned (i.e High sea seller or foreign seller)
2. Which invoice value would be mentioned in BOE (i.e High sea seller or foreign seller or both
3. Could you share sample of High sea sale agreement and BOE.

Thank you in advance

Regards



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