DEPB Post Export License

You should definitely treat the license value as Income of the Financial Year 2009-10. Actual money realisation does not considered.

keep smiling....

regards,

ratan

RIA SARAF,

AT THE TIME OF EXPORT SOME EXPORTER RECEIVED THE ADVANCE AMOUNT , AND  SOME EXPORTER 'S FOREIGN CURRENCY AMOUNT NOT TO BE REALISED WITHIN SIX MONTH FROM THE DATE OF EXPORT THE CUSTOM DEPARTMENT AND DGFT PROVIDE THEM THE DEPB LICENCE .

AS PER YOUR QUERY,   ACCORDING ME YOU MUST  treat the license value as income in FY 2009-10

BECAUSE WHEN THE EXPORT DETAILAS  VERIFY BY DGFT / CUSTOM / IDEPARTMENT THE VERIFICATION REPORT WILL BE ELGIBLE BY  CHARTERED ACCOUNTANT , IN PRESCRIBED FORM THE  "CA CERTIFICATE/ CS/ICWAI   CERTIFICATE" WILL BE GIVEN  PREFERENCE AND LEGALLY ELGIBLE  ON 2009-10 EXPORT NOT FOR FINANCIAL YEAR 2010-11.

thanks so much for explaining it.