Exchange rate for import booking
This query is : Resolved
CA Mohit Kumar
(Querist)
10 September 2015
please suggest the rate at which imports is required to be booked in books of accounts. usually we have following incidents -
1. Rate of BOE
2. Rate on the date when goods received in factory premise.
3. Rate prevailing at date of goods entered into stock. or
4. Rate prevailing on the date of imports' invoice.
Vishnu Saboo
(Expert)
15 September 2015
incident no 3 in my opinion
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