A company has taken ECB in USD for purchase of fixed assets in the year 2011-12. this ECB is repayble in 60 monthly instalments. How should we account the Exchange rate difference at the end of the year (31.3.2012) on the outstanding ECB amount and the exchange rate diff at the time of monthly repayment of ECB. Also whether such loss/gain is considered as revenue loss/gain in Income Tax
) now 
