Import transaction


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 May 2014 AS 11 has not specified that which rate should be taken for recording an import transaction.Should we take the RBI rate or rate given by CBEC?

10 May 2014 it is to be taken at rates by CBEC refer rule 10 under valuation rules for import.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 May 2014 What if the Company is using RBI rate to book import transaction?Is it wrong?Should the policy be changed?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 May 2014 What if the Company is using RBI rate to book import transaction?Is it wrong?Should the policy be changed?

15 May 2014 then it is not as per AS 11 accounting.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details