Import purchase

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This query is : Resolved

shafeek ali (Querist)

16 July 2012 sir,
plz suggest me reference site or kindly explain me the procedure related to import and accounting treatment of the same

1. how will we treat import duty paid and other expenses related to import like destuffing charges, storage charges, detention charges etc in accounts.
2. why the amount entered in the delivery note deffer from bill of entry

in VAT return purchase are entered from delivery note. that amount is entirely different from bill amount.

3. how DELIVERY NOTE amount calculated

4. How we we can tally purchase as per VAT return and Purchase as per accounts.

5. how we can treat exchange dereference (purchase date rate- Payment date rate) in party account.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

18 July 2012 read links:

https://www.caclubindia.com/forum/accounting-entries-nbsp-nbsp-of-import-20.asp#.UAZVP5E-1tg

https://www.caclubindia.com/share_files/export-import-procedures-in-custom-in-india--41725.asp#.UAZV8JE-1tg

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