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Exchange rate for export invoice

Others 326 views 3 replies

jignesh

BUSINESS

67 Points Posted on 11 April 2021

which exchange rate is considered in case of export invoice for accounting entry??

Replies (3)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 11 April 2021

Exchange rate at the date of transaction shall be considered

jignesh

BUSINESS

67 Points Posted on 11 April 2021

Means invoice date or shipping date or CBEC rate????

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 11 April 2021

Invoice date shall be considered and for computation change in rate of foreign exchange rates value at the date of Transactions and value at the end of the year shall be considered and also CBEC rate shall be considered

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