Exchange rate to be considered
This query is : Resolved
06 July 2015
The goods had been imported from CHINA.
For the purpose of recording the entry for the same in the Tally whether the Exchange rate mentioned in the Bill Of Entry should be taken or the Exchange rate prescribed by the RBI ??
For the purpose of recording the entry for the same in the Tally whether the Exchange rate mentioned in the Bill Of Entry should be taken or the Exchange rate prescribed by the RBI ??
06 July 2015
The ER need to be mentioned as per bill of entry. Later the adjustments need to be done as per accounting standard 21
http://www.mca.gov.in/Ministry/pdf/Ind_AS21.pdf
http://www.mca.gov.in/Ministry/pdf/Ind_AS21.pdf
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