Two exchange rates for import & export
This query is : Resolved
19 November 2011
Dear sir,
Why the CBDT issued different rates for Export & Import ?
And all the time Import rate is more compared to export rate Why ?
Thanks in advance
Pls explain with example
Why the CBDT issued different rates for Export & Import ?
And all the time Import rate is more compared to export rate Why ?
Thanks in advance
Pls explain with example
22 November 2011
its dependent on buying and selling rates of forex by the banks during the last fortnight.
as banks buy the forex lower than selling, customs also follow their average rates.
as banks buy the forex lower than selling, customs also follow their average rates.
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