Direct sale to nri

parvesh garg (Student CA / Articleship)   (100 Points)

06 February 2016  

If we purchase goods from a supplier outside India(Spain)  (Import). Without bringing them to in India we sale same goods to customer outside the India (Dubai) (export) directly.

Then what will be accounting concept in our books of accounts in both cases purchase and sale.

whether it will be high sea sale/purchase or not or import/export.