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Import Purchase Entry.

This query is : Resolved 
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(Querist)
17 June 2011 Dear Sir,

How to make Import Purchase entry for following facts :

I paid advance 20000/- USD ti Foreign Supplier @ 45.15. After 1 month, I received my shipment and all documents, i.e., Invoice, B/L etc. When I remitted USD to my foreign suppliers, I debited to him in INR. Now, after receiving the shipment and clearing it, how will I make entru pf Purchase in my books ? I will credit to foreign suppliers and debit to purchase a/c- but at what amount ? Also import duty & other CHA exp etc, how to give effect of these also. PLEASE EXPLAIN.
REGARDS
ANCKOORA.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
17 June 2011 please search from the below mentioned link:-

https://www.caclubindia.com/share_files/export-import-accounting-entries-37679.asp
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anckoora

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anckoora (Querist)
17 June 2011 Dear Sir,

The link you suggested, has no answer to my "Import Purchase Entry" query.
Pl. you give me detailed guidance.
thanks
anckoora
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
29 July 2024 https://docs.google.com/document/d/1EAzHao_QaTWocJyTP3q_41v4Lj7FN0NMHvedPRn4SVM/edit?usp=sharing
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