Booking of import purchases
This query is : Resolved
08 February 2013
when should be the import puchases booked,on the date of bill of entry or when the goods are received??. Also tell me what should be the rate of exchange for booking the import purchases in foreign currency,rbi rates or cbec rate.My co. is taking rates of rbi given at the the end of the month for booking next months import purchases.
13 February 2013
Bill of entry is the date for import booking.
You may follow any benchmark, but follow it consistently. Noramlly entities follow FEDAI rates, SBI rates and RBI.
You may follow any benchmark, but follow it consistently. Noramlly entities follow FEDAI rates, SBI rates and RBI.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
