Booking of import purchases
This query is : Resolved
08 February 2013
when should be the import puchases booked,on the date of bill of entry or when the goods are received??. Also tell me what should be the rate of exchange for booking the import purchases in foreign currency,rbi rates or cbec rate.My co. is taking rates of rbi given at the the end of the month for booking next months import purchases.
13 February 2013
Bill of entry is the date for import booking.
You may follow any benchmark, but follow it consistently. Noramlly entities follow FEDAI rates, SBI rates and RBI.
You may follow any benchmark, but follow it consistently. Noramlly entities follow FEDAI rates, SBI rates and RBI.
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