Dear All,
I am an accountant, Our firm imports goods on FOB basis, Purchase invoice is dated 29.03.2013, Bill of Lading is Dtd.04.04.2013 and bill of entry is dated 10.04.2013. On which dae should I book the Import purchase in books of accounts. If I were importing goods on CIF basis what diffrenec would it make on date of entering the same purchase invoice in books of accounts. Please answer the question at the earliest and also gide me regarding any AS oublished on his by ICAI and Pl base your answer also on the said AS.
CAclubindia
