High sea sales

This query is : Open

CA Ashish Gupta (Querist)
Follow

20 February 2013 Dear ALL,
I would Like to know about how to deal during the audit in case of dealer is purchasing goods from singapore and selling it to dubai before entering the goods in India.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

07 March 2013 tally will bill of entry No. as well as CBEC exchange Rate of import.

export
tally with date of shipping bill as well as Exchange rate

must check

1. EXPORT SALES CONTRACT

2. IMPORT SALES CONTRACT

3.LETTER OF CREDIT
4.CALCULATION OF INSURANCE&FREIGHT, FOB AND CIF TOO.

Message likes : 1 times

CA Ashish Gupta

CA Ashish Gupta (Querist)
Follow

20 July 2015 Thank you For your response.
Further more how to deal with the profit or loss on such sale.

Upgrade to CAclubindia Pro. Subscribe Now!