Import Purchase

Vipul Acharya (Account Officer) (639 Points)

18 June 2019

Import Purchase booking date and at what exchange rate.
Can we book this as BOE

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5 Replies

Mayank A Jain (Chartered Accountant) (968 Points)
Replied 18 June 2019

You may record the transaction on the day when you receive the goods.
You may use RBI reference rate or BOE rate for recording the same.

Monica Raghani (46 Points)
Replied 24 June 2019

u can boob the date of boe and use exchang rate mention on boe

Vipul Acharya (Account Officer) (639 Points)
Replied 24 June 2019

Exchange and date of booking in case of service

Monica Raghani (46 Points)
Replied 24 June 2019

in case of goods

Vipul Acharya (Account Officer) (639 Points)
Replied 24 June 2019

Please explain export of goods and services date of booking and exchange rate criteria will be same, kindly explain

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