Import Accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2011
Which of the following date is relevant for enter Import Purchase in our Account??
1. Date of Purchase Order
2. Date of Bill of Supplier
3. Date of the Goods Reached to the Port/Airport
4. Date of the Payment of Custom Duty
5. Date of the Goods enter in out Godown
Also which days exchange rate is relevant for accounting of Import purchase?
Kindly give reply as early as possible.
1. Date of Purchase Order
2. Date of Bill of Supplier
3. Date of the Goods Reached to the Port/Airport
4. Date of the Payment of Custom Duty
5. Date of the Goods enter in out Godown
Also which days exchange rate is relevant for accounting of Import purchase?
Kindly give reply as early as possible.
CA Ghanshyam Joshi
(Expert)
06 February 2011
DATE ON WHICH THE IMPORTED MATERIAL ENTERS THE FACTORY GATE.
APPLICABLE EXCHANGE RATE IS THE AVERAGE RATE OF MATERIAL RECEIVED AT GATE.
APPLICABLE EXCHANGE RATE IS THE AVERAGE RATE OF MATERIAL RECEIVED AT GATE.
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