exchange rate for export

siril (student) (508 Points)

09 August 2017

when we doing export which exchange rate should consider RBI rate or exchange rate notified by CBEC according to IGST act

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7 Replies

kamalarao pamula (135 Points)
Replied 09 August 2017

I don't think there are two different rates

Asif Ansari (Tax Consultant) (159 Points)
Replied 09 August 2017

cbec rate

Asif Ansari (Tax Consultant) (159 Points)
Replied 09 August 2017

cbec rate

Vijay Bhand (338 Points)
Replied 09 August 2017

wef 27.7.2017 you should refer rates notified by CBEC.please refer notification of 27.7.17.

siril (student) (508 Points)
Replied 09 August 2017

but according to IGST is it RBI rate? because export is governed by IGST act?

Vijay Bhand (338 Points)
Replied 10 August 2017

No in the above notification clearly mentioned that now 27th onwards you have to follow rare declared by cbec only not rbi

CA Vijay Kewlani (Chartered Accountant ) (23 Points)
Replied 10 August 2017

Please share the notification

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