Exchange Rate for import of fixed asset

Karthik, has this import been thru letter of credit or any such documents...if yes than the date of capitalization shud be bill of lading date..it wud be very rare where an import would have been done thru open credit operation try to check if bank is involved in it...rate of exchange and capitalisation in this case wud be bill of  lading date..cz on receipt of bill of lading by the purchaser bank, the risk and the reward passes to the buyer...give me few more details ll surely help u out

Dear Mohan Sir,

I have the same query as posted by Karthikji.

The transaction in my case is through openeing of LC and also some other too. Can you please elaborate what would be those other documents other than LC.

Kindly reply to the above query soon as my client is in big trouble.