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.
Well, as far as I know, your deal will be categorised under sea sale as you haven't brought the consignment in India. It would be under import/export criterion if your cargo will come under the periphery of Custom Frontier of India. Since I stay in tuned with NRI blogs of S2NRI.com, business news and external affairs, i learnt a lot about import and export.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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