Eefc a/c
This query is : Resolved
Yatender Sharma
(Querist)
04 December 2011
Basically we are an exporter and we are received payment in foreign currency and we are transferred some US Dollar in EEFC A/c for Payment of Import Purchase than Ques is i have to book here Forex Gain or Loss ?
or What rate should be taken when i had transferred US Dollar in EEFC A/c or when i make a payment to Foreign Supplier where we make a import purchase
or What rate should be taken when i had transferred US Dollar in EEFC A/c or when i make a payment to Foreign Supplier where we make a import purchase
RAMESH KUMAR VERMA
(Expert)
13 December 2011
SHARMA JI,
IF YOU IMPORT - EXPORT EXCHANGE RATES WILL APPLICABLE AS PER NOTIFIED BY GOVENRMENT OF INDIA, MINISTRY OF CBEC.
READ THE BELOW MENTIONED LINK:
https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt82-2k11.htm
IF YOU IMPORT - EXPORT EXCHANGE RATES WILL APPLICABLE AS PER NOTIFIED BY GOVENRMENT OF INDIA, MINISTRY OF CBEC.
READ THE BELOW MENTIONED LINK:
https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt82-2k11.htm
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