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Please Help: Import Purchase

Posted Date : 28-Jan-2013 , 08:53:02 am | Posted By: CA Vinod Kumar

Category : Audit | Answers : 0| Comments : 1| Hits: 211

Dear Experts, 1.Give some important points which is very important to look while auditing the Import purchase.Please Advice. 2. What is the importance of Payment Advice in case of Import Purchase. Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=585058

Comments
Posted By : Shobhit Goel 28-Jan-2013, 06:21:13
Major documents to be checked. 1. Purchase Order. 2. Commercial Invoice. 3. Bill of Lading. 4. Bill of Entry. Payment can be made against only Triplicate Bill of Entry. Every Bank would ask for following documents at the time of payment: 1. Commercial Invoice 2. Triplicate Bill of entry - must have the stamp & signature of Custom authority. 3. Bill of Lading - Photocopy sufficient. Thanks
 

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