LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Export/import

abhsihek srivastava (Audit Asstt.) (114 Points)

10 July 2012

dear friends i am doing an internal audit in export unit kindly mention what point i should consider during checking of export sales and import purchase.

Reply
Follow
Share

1 Replies

pravallika reddy (articleship) (305 Points)
Replied 11 July 2012

Procedure For Exports:

you can vouch Customer Purchase Order number & date in invoice and wether the sale quantity mentioned in invoice and CPO is same or not.
Have to read terms and conditions mentioned by the customer and identify is there any contradictions to the company.
wether amount received from customer is with in the time or not, if not interst has to be calculated on the same.
Following are the documents which have to be enclosed with invoice.

Bill of Material
Air waybill(if it is transport by air)
Freight bill
Shipping bill
Packing list.

Procedure For Imports:

If the company is manufacturing, certified stores receipt voucher has to be attached with invoice. have to check the po details in CSRV.
Have to be verify the Purchase order and Indent in which the following points to be noted.