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Import- Booking

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2010 We have pd $ 5000.00 @ 48.00 in advance against Import on dt 16/08/2010
Import Bill of Entry Dt 25/09/10 $ 6000.00 @ 47.95. Can i book import @ exchange rate of bill of entry and then one entry of exchange rate fluctuation.
Or can i book import @ exchange rate of advance paid. Which method is right?
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Rajan Kapoor

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Rajan Kapoor (Expert)
14 October 2010 It is better to book import at exchange rate of bill of entry and then one entry of exchange rate fluctuation.
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CA Amit Joshi

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CA Amit Joshi (Expert)
15 October 2010 Agree with Rajan Ji
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