Accounting of Export sales when sold on the basis of LUT

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30 Points Posted on 02 February 2019
which exchange rate need to be used when exports made on the basis of LUT. It is not mandatory to use the exchange rate prescribed by CBIC. can we take some other rate?
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On 02 February 2019 at 10:03 Report
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Nil
2791 Points Posted on 02 February 2019

You can use average rate of foreign currency

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On 02 February 2019 at 10:19
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CA
3430 Points Posted on 02 February 2019
yes..............
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On 02 February 2019 at 20:09

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