PURCHASES IMPORT
This query is : Resolved
04 May 2011
Respected Sir / Mam,
Kindly assist me regarding audit procedure of purchases import.
Kindly assist me regarding audit procedure of purchases import.
04 May 2011
1. Check the Purchase order by the Company
2. Check the Bill of Entry specifying the details of goods received
3. Check the vendors invoice for amount in Foreign currency
4. Compare the same with the purchase order in all respects
5. Lastly check the amount of custom duty charged and accounting of the same
2. Check the Bill of Entry specifying the details of goods received
3. Check the vendors invoice for amount in Foreign currency
4. Compare the same with the purchase order in all respects
5. Lastly check the amount of custom duty charged and accounting of the same
04 May 2011
thanks expert,
mr.sharma you can also check the details of foreign currency from BRC.and other sources like bill of entry, packing list, and copy of letter of credit.
also check the import sales contract.
mr.sharma you can also check the details of foreign currency from BRC.and other sources like bill of entry, packing list, and copy of letter of credit.
also check the import sales contract.
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