Regarding goods import

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2018 Dear Sir,

I have a import and i have import from china, my supplier is raised invoice 25.08.2018 and i have received import consignment at Port on dt 20.09.2018 than i have filed bill of Entry for Import Consignment.

Kindly advise us which date are consider in our Booking stock in our books Bill of Entry date / Supplier invoice date.

Looking forward for your urgent reply.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2018 Can you any bady reply my quire

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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20 July 2025 Regarding your import stock booking date, here’s a simple explanation:

Supplier Invoice Date (25.08.2018): This is the date when your supplier raised the invoice, but you have not yet physically received the goods.
Bill of Entry Date (date of filing at customs after arrival, e.g., around 20.09.2018): This is the official date when the goods legally enter your country and clear customs.
For accounting and inventory purposes, the stock is generally booked on the date when the goods physically arrive and you take possession — which would be the Bill of Entry date or the date of actual receipt at your warehouse/port (usually around 20.09.2018).

You usually record the invoice in accounts payable based on the supplier invoice date, but the stock (inventory) is recognized only when you have the goods in hand, i.e., the date of Bill of Entry or actual receipt.

So, for booking stock in your books, consider the Bill of Entry date or date of physical receipt rather than supplier invoice date.

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