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Import and export guidance

A/c entries 711 views 8 replies

Sumit Agarwal

CA Final Student

79 Points Joined February 2013

Hello everyone out there,

I am a CA Final student and has completed my articleship training...But unfortunately the firm in which I was working as an articled assistant, there was no import export client... Can u please guide me how the entries of import and export are made alongwith scanned copy of documents so that I can understand, from where the figures(amount) has been taken...Also from where and which rates(day end rates?) are taken for conversion of transaction into local currency...Please help, I believe its a query of lots of people which needs attention...

Warm regards,

Sumit

Replies (8)

RAMESH KUMAR VERMA

Advocate

5974 Points Joined November 2014

https://www.dov.gov.in/newsite3/clearance_procedure.asp

Sumit Agarwal

CA Final Student

79 Points Joined February 2013

Dear Rakesh Ji,

Thanks for your quick response... I know the clearance procedure and all as I am CA Final year student....But I want to know its accounting as well as supporting documents for such accounting

CS,CA F,Numrologi TusharSampat

CS CA F Numerologist Astrologer Graph

85935 Points Joined May 2010

for that there is no direct source available with me as only those who are regularly booking th entries for import and export can guide u.

RAMESH KUMAR VERMA

Advocate

5974 Points Joined November 2014

Agreed with Mr. Sampat Ji.thanks Sampat ji

Sumit Agarwal

CA Final Student

79 Points Joined February 2013

Hey there,

Can u refer someone who regularly books such kind of entries..N dear Sampat as I saw u r a CA Final year student, I hope u must have came accross some client who was in the business of export and import...