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Import -agent

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Hi Experts

We deal in IT Hardware.  We have a situation where my customer is asking me to import certain IT goods from Country A to India and sell the same to another customer in India.  My customer's customer in USA (say Customer X) will pay for these items directly to supplier in Country A.  Can I follow :

1. Have me as Consignee and Customer X as buyer in the invoices from supplier.

2. Have applicable CD paid by me at India port to clear the goods.

3. Sell the goods with CD, plus my service charges plus applicable GSTs to the local customer ?

Please throw some light .  TIA.

Replies (2)

Your treatment is good. I heard that consignment accounting is for group companies only. AS standards probably will allow it. Correct me if I am wrong. 

Dear Rao

 

This is not allowed.


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