Sir/Mam Please clarify it this transaction:
Machine despatched to SEZ Unit through ARE-1(Customer: x Ltd-Kancheepuram) Machine despatched on July-13 and Oct-13.
Now they have sending back to Machine to Our Unit.
So what is the procedure??
We have to take sales returns for the year 2013-14 ?
Thanks in advance
1. Valuation and assessment of the goods cleared into Domestic Tariff
Area shall be made in accordance with Customs Act and rules made
thereunder.
2. Sales return can be accounted in our books.
since the sale is pertaining to the year 2013, sales return entry also must appear in the accounting year 2013-14. because sales return condition is within 30 days it must be returned
MANUJ SHARMA AND COMPANY
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CA Inter
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