I Received the export payment on 25 July in my EEFC Account.
but i have converted to INR On 25 August.
So what dollar rate i have to consider?
25 July dollar rate
or
25 August Dollar rate.
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Accounting Treatment for export Receipt
Replies (1)
Sir
for incentives on export date of realisation
25/7..now when you converted it on
25/8.. whether dollar went or down is
your profit and loss, this is my opinion
and have seen doing by export houses.
opinion expressed is mine what CA
tells you it is up to you
hotulalchandani @ gmail.com
for incentives on export date of realisation
25/7..now when you converted it on
25/8.. whether dollar went or down is
your profit and loss, this is my opinion
and have seen doing by export houses.
opinion expressed is mine what CA
tells you it is up to you
hotulalchandani @ gmail.com
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