ashish gupta ( student) (1922 Points)
22 November 2011
If an LC arrangement has been entered into with a bank for import payments. when should the purchases (import) be booked in the accounts. i.e. on the date of payment release by the bank or on the date when goods are loaded in India.
Contract terms are FOR Indian Border
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 22 November 2011
DATE OF BILL OF ENTRY WHEN DUTY DEPOSITED AFTER APPRAISMENT AND PRINTING.
ashish gupta
( student)
(1922 Points)
Replied 22 November 2011
thanks sir and can you tell the date in case we sell the goods as High Sea Sales.
CAclubindia
