https://www.taxtmi.com/forum/issue?id=120971 Revenue from a DDP export arrangement is recognized under Ind AS 115 when control of the goods transfers to the customer, not merely when the goods are shipped from India. The contract terms must be examined using the indicators of control in paragraph 38, including title, payment, possession, risks and rewards, and customer acceptance. Where the seller retains responsibility for delivery, customs clearance, and import duties until the customer's premises, goods in transit should generally remain as Inventory, while contract liability arises only if consideration has been received or billed before transfer of control. en-us Wed, 24 Jun 2026 16:18:31 +0530 Thu, 25 Jun 2026 13:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120971 Revenue from a DDP export arrangement is recognized under Ind AS 115 when control of the goods transfers to the customer, not merely when the goods are shipped from India. The contract terms must be examined using the indicators of control in paragraph 38, including title, payment, possession, risks and rewards, and customer acceptance. Where the seller retains responsibility for delivery, customs clearance, and import duties until the customer's premises, goods in transit should generally remain as Inventory, while contract liability arises only if consideration has been received or billed before transfer of control. Discussion-Forum Companies Law Wed, 24 Jun 2026 16:18:31 +0530 https://www.taxtmi.com/forum/issue?id=120971