EXPORT GOODS REJECT

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parmod (Querist)
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14 July 2007 WE EXPORT GOOD IN F.Y.2006-07. BUT THE SAME HAS BEEN REJECTED BY CUSTOMER AND REHJECTION LETTER & COPY OF B/L FROM BUYER SIDE RECEIVED IN SAME F.Y.200-07. BUT BILL OF ENTRY DT.IS IN F.Y.2007-08. SO I WANT TO KNOW THAT IN WHICH F.Y.WE PUT ENTRY OF SALE RETURN. PLZ REPLY ASAP.

Rashesh Patel

Rashesh Patel (Expert)
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14 July 2007 Dear Mr. Pramod

You Export Goods in F.Y 2006-07 and the same goods has been rejected by customer & all documents from buyerside received in F.Y. 2006-07 (in SAME Fin.YEAR). but u didnt received material in same financial year..if your material received in financial year 2006-07 you can put entry as sale return in the year 2006-07 but if u received material in financial year 2007-08 than u have to take sales return entry in financial year 2007-08.