In CIF import purchases ; when risk
& reward transfer to buyer.
Pl.Guide
That is when you sign documents of goods delivered. The risk and rewards will become yours.
3 Replies
Rajkumar Gutti
(591 Points)
Replied 09 October 2021
Which document of goods of deliverd
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 October 2021
What ever document you sign to release the goods from authority. Cause standard mentions, depreciation starts from the date you open the sealed cover. That is, when you physically take ownership of the goods.
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