invoicing in export company

The date despatch from factory premise

Please refer the AS on revenue recognition.The date of invoice depends on the terms of sale.If the sale takes place at the factory gate only you can bill upon  despatch from factory.If it is on FOR/CIF terms,relevant date will be the LET export date if material has sailed away within reasonale time from the let export date.If there are delays then the Bill of Entry date will be the export date.Here also one has to check whether the material has started sailing.In certain instances the BOE can be cancelled & material unloaded.

chandrasekharanrs