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Forex rate
Hi All,
A Small Doubt. Our company does procurement from chaina. To convert the foreign rate into Rs which Website is to be taken as Authentic rate for Accounting purpose.
Replies (2)
For accounting the imported goods, the rate as per bill of entry for home consumption issued by costoms authority is to be considered.
I have two suggestions.
1. Follow as advised by CA subash dangi
or
logon to
www.sify.com/finance/currency report/?source = forex
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