for receipt of export remittance pre or post sale and export or import sales which rate has to be considered is it RBI rate or customs rate.
explain with relevant clause and section
Menu
export proceeds
Replies (1)
Customs rate. You can refer the shipping bill which specifies the rate as well as INR value.
On receipt of the amount, difference is booked as Foreign exachange gain / loss in the profit and loss account.
On receipt of the amount, difference is booked as Foreign exachange gain / loss in the profit and loss account.
Recent Threads
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
Related Threads
CAclubindia
