03 April 2010
One of my client is engaged in exports. He has sent one shipment of Rs.480000 on 19-03-2010. But due to strike by British Airways his goods are lying at the warehouse of his cargo agent. He has not got the custom bill. During all this the financial year has changed from 2009-10 to 2010-11.
Kindly tell whether it shall be considered as export sales or stock.
04 April 2010
But the goods has not been sent to a branch and it has been sent to a client. Should I disclose it as export sales in VAT returns or as closing stock
CAclubindia
