Plz help out to sort out this situation

as per AS 9 revenue on sales is recognised as and goods are delivered along with risk and rewards( like change in price of gold ) and there is proper certainity that revenue will be collected(installments will be received contineously)

The scheme u r talkin about is that launched by pc jewellers

if gold is given on the 1st installment then whole 36 lac has to be recorded as revenue(whch doesnt hapns in ds scheme)

in these schemes gold is given later on so there is no delivery althoughrisk and returns r transfered by specifing gm of gold in scheme, if writn in scheme that gold is kept at buyers request and he will pay installments in future thn it is HP sales, if writn that gold is transfered as and whn installments are  complete thn amount recvd is advance under a contract and should be recognised as sales whn installments complete andgold is transfered, till thn its advance