What should we include in item 5, Sales and Purchase (in Section II)? - FEMA - FAQ - FEMA

Ans : In these fields, you are required to provide the information relating to all purchases [including capital (from balance sheet) and revenue of goods and services] / sales made domestically as well as foreign during the reference period (April - March). The detailed information to be furnished in 5. Sales and Purchase are as follows: All expenses (excluding depreciation) / sales shown in profit and loss account to be taken as total purchases / total sale. Both goods and services are to be included. All foreign purchases/ sales i.e., imports and exports, should be captured from P L Account.