Export of goods on Consignment basis under FEMA and GST

Sale- it is not recognised. It could be recognised partially or fully when the consigneee sells the goods as parts or whole.

Warranties- if any are included in the product, account for liabilities for each sale (past expectations % or per unit which ever isn’t your best estimate)

Defected goods-  write off inventory and recognise income when amount is recoverable

Return of goods- add back to inventory.

FEMA, GST I’m sure you can find them on google.