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priyank (Querist)
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10 December 2011 We have imported an product for which We have to pay 40000$ to that party we partly give 10000$ thru EEFc account and balance thru Forward conversion plz tell me how to book that payment in tally and what rate will be used as there is no Dollor exchange rate can be used For 10000$.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 December 2011 priyank,

AN PAYMENT OF IMPORT- EXPORT REMIT THROUGH THE EEFC ACCOUNT . THE GOVERNMENT OF INDIA MINISTRY OF REVENUE NOTIFIED THE EXCHANGE RATE FOR IMPORT AND EXPORT.

ASSUME THAT IMPORT RATE IS 51 RS= 1 USD AFTER BYFERICATE DIVIDE IN USD AND ENTRY IN TALLY.

FOR MORE INFORMATION :

https://www.eximguru.com/notifications/searchresults.aspx?allkeywords=&topicid=48242&issuingauthorityid=0&typeid=0¬ificationno=&startdate=&enddate=

ALSO READ THE LINK:
https://www.caclubindia.com/share_files/export-import-accounting-entries-37679.asp

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