Dear Sir,
this is very urgent pls any one can help me
I want one clarification,
we have imported the socks knitting mchine from korea on 16/10/08 us$ 79850 with FLC
as per shipping doc conversaion price and value = 79850 @ 47.21 = 3770317.39
But FLC will be due on 3/09/2009
at what price i need take in the books of accounts ?
price at the time of FLC opend dt
price at the time mchinery received dt
price at the time of flc payment dt
or suggest me to refer the book or Accounting stadnered to know about the accounting of imported material / Mahcinery /services cost
CAclubindia
