When export sales are to treated as revenue - the invoice date or date of custom clearance or date of airway bill or on any other date?
The goods are exported on basis of FOB Mumbai.
Shamita (Learner) (410 Points)
23 July 2010When export sales are to treated as revenue - the invoice date or date of custom clearance or date of airway bill or on any other date?
The goods are exported on basis of FOB Mumbai.
CA. Nishant Jain
(Audit Executive)
(411 Points)
Replied 23 July 2010
Dear Shamita,
IN reply to your querry I am attaching a para of AS 9 and I hope it will serve the purpose for you.
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