Import date

AS 503 views 3 replies

If an LC arrangement has been entered into with a bank for import payments. when should the purchases (import) be booked in the accounts. i.e. on the date of payment release by the bank or on the date when goods are loaded in India.
Contract terms are FOR Indian Border


 

Replies (3)

DATE OF BILL OF ENTRY  WHEN DUTY DEPOSITED AFTER APPRAISMENT AND PRINTING.

thanks sir and can you tell the date in case we sell the goods as High Sea Sales.

same.

thanks ,


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