If 100 % payment is made in advance against good imported,
is it that there will be no booking of foreign exchange gain/ loss ?
Also on what rate should the purchase booking on imports should be done ?
On the date of Bill of Lading or on the date of BIll of Entry ?
Pls reply urgently
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Entry for import purchases
Replies (1)
| Originally posted by : satish makam | ||
 |
If 100 % payment is made in advance against good imported, is it that there will be no booking of foreign exchange gain/ loss ? Also on what rate should the purchase booking on imports should be done ? On the date of Bill of Lading or on the date of BIll of Entry ? Pls reply urgently |
 |
Foreign Exchange Gain / Loss Will be booked .
Rate of Purchase of Booking on Import Should be Done on Date of Bill Of Entry .
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