Machine imported on CIF terms should be booked on date of invoice or date of Bill of entry?
if the same was imported on FOB terms, then on which date it should be booked on?
Import purchase to be booked on Date of Bill of entry
Divyam Goel (Chartered Accountant) (36 Points)
01 October 2018
Jatin Gada
(searching job)
(151 Points)
Replied 02 October 2018
Import purchase to be booked on Date of Bill of entry
Mark Treast
(4 Points)
Replied 07 August 2022
Yes, the guys from RBI (https://rbi-he.com/industries/transportation) are doing the same way, i had to import some construction machinery
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
