LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sethi Sohum (Entrepreneur)     23 January 2015

Export to third country, 4 parties involved.

Dear Sir or Madam,

I am supplier in Delhi = LOCAL_SUP

that import products from a company in Italy = INTL_SUP, terms are Ex-Works (EXW).

My customer is also in Delhi who has placed the Purchase Order on me and from whom I will receive the payment in INR = LOCAL_BUYER

He wants me to supply material from INTL_SUP to his final customer in USA = INTL_FINAL_BUYER.

He mentions in his PO that VAT will be NIL against Form H.

I want to know:

1. How will this transaction take place?

A.) Should LOCAL_SUP issue Retail Invoice to this LOCAL_BUYER in INR against form H? (would he be able to furnish Form H)?

B.) How will my books show sale & purchase?

C.) Since the LOCAL_BUYER will pick the goods himself from his nominated forwarding agent from INTL_SUP in Italy, should I send my invoice to italy and ask factory in Italy to handover the goods with LOCAL_SUP's invoice?



Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading