Export Sales Transaction

[Pravinkumar Mundada]

We are made export on DC / Other Related documents but we are late to prepare Invoice to Custmer by 4 Months. Whether AO can deniy export sales & Consider local sales on the basis of Late invoice prepared?

plz provide any supporting ans for the same.

[YAGAY and SUN]

The Proof of export can be substantiated from following documents, namely:

1. Shipping Bill
2. Bill of Lading
3. Sale Order
4. Purchase Order by the Importer
5. ARE-1
6. Bank Realisation Certificate etc.

[Pravinkumar Mundada]

Thaks Pradeepji

 

CA Pravin Mundada

Aurangabad

AI Summary

Proof of export can prevent recharacterisation as domestic sale when supported by shipping documentation and bank realisation.
Whether an export may be characterised as domestic due to a belated invoice depends on documentary proof of export. Key operative documents to substantiate export are the Shipping Bill, Bill of Lading, sale order and importer's purchase order, ARE-1, and Bank Realisation Certificate; these demonstrate carriage, contractual commitment, export clearance and foreign exchange realisation and can establish export status notwithstanding a delayed invoice.