Aplicability of FBT

This query is : Resolved

Sanjay Diwakar (Querist)
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20 May 2008 If any amount paid to purchase of foriegn currency in respect foriegn tour ahead.... and can club expenses treated as sales promotion expenses...? if club bill is paid for servises used for business guests...?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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20 May 2008 1. Amount paid for purchasing foreign currency will be equivalent INR is it not?
2. It depends upon what is that club.
3. What services?

Sanjay Diwakar

Sanjay Diwakar (Querist)
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21 May 2008 Thank you for ur reply but,,If any amount paid to purchase of foriegn currency in respect foriegn tour ahead(From INR to USD).... can it come in the provisions of FBT...?

Sanjay Diwakar

Sanjay Diwakar (Querist)
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21 May 2008 Please explain me about Export credit guarentee.... andcan the exporter claim Export credit guarentee premium paid, after completion of particular shipment ..........?