Import purchase
This query is : Resolved
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.
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.
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
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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