As11
This query is : Resolved
Rishi verma
(Querist)
18 June 2013
Whether the rates at which Import and Export to be recorded will be rate of CBEC or Bank at the date of transaction?
Ganeshbabu K
(Expert)
18 June 2013
1)purchases/sales to be recognised when all significant risks and rewards transfered to buyer/seller.
2)RBI exchange rate on date of transaction can be used as exchange rate
You can take RBI exchange rates from below link
https://www.rbi.org.in/scripts/referenceratearchive.aspx
Thanks & regards
Ganesh babu k
2)RBI exchange rate on date of transaction can be used as exchange rate
You can take RBI exchange rates from below link
https://www.rbi.org.in/scripts/referenceratearchive.aspx
Thanks & regards
Ganesh babu k
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