Audit of Export Company

u can checked teh export sales by way of bill of lading and forign remitance documents.

check compliance of As-9 whether sales has been booked as on date of bill of lading, if it is a exoprt traind co. make sales purchase correlation, also checked duty drawback, DEPB or DFRC licenses documentations and process and feedbak from customs dept. but keep in mind that unless and untill u wont recd paymen for export u cant apply for any such subsidy.

Check compliance of AS-11, time difference in between booking of sales and recive of payment

Regards

CA shailesh Ghase

hi

Can you Pls send me a checklist for a Garment Exporting Company ?

u should first start with checking of invoices of export sales with reference to  bill of lading date with compliance of As-9(sales should has been booked as on date of bill of lading date)

check bank statement for remittanes of Sales by checking compliance of AS-11and book FEF on Debtors as on year end date. also checked out if the company is able to avail any export benefit like duty drawback, DEPB or DFRC licenses or not and if there than check  the documents for such

when we sub book a sale of export company if the deal is fob or cfr?

exchange rate to be taken of which date for bokking sale?

for booking d bill we have to take fob value or invoice given on the bill of leading & rate specified on the date of bill of leading?

wht if the freight value based on assumition when bill is made is 110 and  after exporting it comes 85 the diff 25 whr it will go?it Affects on fob value also na?

Hi
 

Can any one give me checklist for audit of garment Company. It should be in detail with every step.

Thanks in Advance. 

In case any one has audit Porgramme for the export garment Company then please send me the same.

My email ID is rahulsindhav19 @ gmail.com

Good eve to all,

           please  tell  me about the pcl and wctl..............