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Booking of import purchases

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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.



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