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Recording of Export Sales

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(Querist)
23 January 2009 What I want to know is at which rate export sales have to be recorded in the books....Is it at customs rate or RBI rate or Commercial Bank currency buying rates???
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Jitender

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Jitender (Expert)
23 January 2009 whatever rate u choose it should be consistently followed. it can be custom rate or rbi rate.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 January 2009 Export sales may be booked at the rate prevailing on the date of negotiation of export bills with the concerned bank.
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