Depends on contract terms and nature of asset. Since, you had paid money in Euro, your expense towards asset is limited to what you had done at the time of advance payment.
If it is current asset, you'll need to revalue it as per current rateor if it is long term, keep it at historical rate.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
