High seas sales.

This query is : Resolved 

15 December 2011 hello every one.i have a query about high seas sales. The concerned firm does high sales but at a profit margin of more than 2% (say 10%) on the basic cost of import. Are there any compliances about this? In this situation what we are supposed to do ?

16 December 2011 Mr Ramesh,
You have endorse the shipping documents received by from your supplier,authorising,your customer to get the goods cleared from the custom stores,receive them and transport themselves. The main documents to be handed over are bill of lading,packing list,insurance and your local invoice.The clearing agents will arrange to clear the goods from the cusoms office,port etc and hand over the goods to your customer.You can charge your price in the local invoice.
MJK


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details