Import and export guidance

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)

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

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

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.

Agreed with Mr. Sampat Ji.thanks Sampat ji


 

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...

 

/share_files/export-import-accounting-entries-37679.asp#.VSkAJNyUffJ

Dear Ankit, Thanks for ur response, but I need something supported by vouchers so that I can have a better understanding of the concept

i dont think that anybody can update such data here.. Sorry i cant do that dear

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