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Imported Raw Material Valuation

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(Querist)
10 September 2009 Dear All,

In my company I have imported raw material.
At the closing of the year how I valued raw material.
Seprate for Raw MAterial imported and domestic
or
Average the rate with all raw material and valued?

Which is proper way.......
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Anjani Pratap Tiwari

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Anjani Pratap Tiwari (Expert)
10 September 2009 Average rate is not the proper way. It may reduce/enhance the value of imported raw materials. So,value it separatly but you may not show it separatly like domestic or imported.
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