Import purchase and export sales

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2016 https://www.cybex.in/Notifications/56-2000-Notification-Exempts-Gold-Silver-2591.aspx
we work in this above link.

we import from same party and export to the same party under custom notification 56/2000. so as per accounting purpose will this come in export sale and import purchase or just a labour sale.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 September 2016 It will be covered under job work.

Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2016 Sir but we pay for import parcel and while export they pay full amount to us.
For example
If I import the gold of 100000/-USD and export to same party in 125000/- USD
Then I pay 100000 to the import party and he also pay me 125000 for export
So it's should consider as trade or Labour sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 September 2016 Then it will be considered as trade.

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