Export sale

Internal Audit 997 views 6 replies

Plz suggest me the procedure to verify export sale? along with that how would i able to come across custom exchange rates  

Replies (6)

plzzzz its urgent

Export sales can be verifed by asking for a copy of bill of lading. it mentions the quantity, rate, address of the buyer and descripttion of goods. It should be sufficient.

The custom exchange rate is mentioned on the customs website.

check the following link for the latest custom exchange rates:

https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2012/cs-nt2012/csnt56-2012.htm

thxs......

n wat mor document shoud be present with invoice

you can check the LC to ensure that your client is going to get the money (if credit sale) or check the bank deposit (if paid in advance)

Procedure:

  1. you can vouch Customer Purchase Order number & date in invoice and wether the sale quantity mentioned in invoice and CPO is same or not.
  2. Have to read terms and conditions mentioned by the customer and identify is there any contradictions to the company.
  3. wether amount received from customer is with in the time or not, if not interst has to be calculated on the same.
  4. 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.

 


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