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Exchange rate to be considered

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(Querist)
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 ??
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CMA Gul S

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CMA Gul S (Expert)
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

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