In CIF import purchases ; when risk
& reward transfer to buyer.
Pl.Guide
Menu
Risk & reward
Replies (3)
Quick Summary
That is when you sign documents of goods delivered. The risk and rewards will become yours.
Which document of goods of deliverd
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
What ever document you sign to release the goods from authority. Cause standard mentions, depreciation starts from the date you open the sealed cover. That is, when you physically take ownership of the goods.
Recent Topics :
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
Related Topics :
CAclubindia
