Eefc a/c

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Yatender Sharma (Querist)
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04 December 2011 Basically we are an exporter and we are received payment in foreign currency and we are transferred some US Dollar in EEFC A/c for Payment of Import Purchase than Ques is i have to book here Forex Gain or Loss ?
or What rate should be taken when i had transferred US Dollar in EEFC A/c or when i make a payment to Foreign Supplier where we make a import purchase

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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13 December 2011 SHARMA JI,

IF YOU IMPORT - EXPORT EXCHANGE RATES WILL APPLICABLE AS PER NOTIFIED BY GOVENRMENT OF INDIA, MINISTRY OF CBEC.

READ THE BELOW MENTIONED LINK:
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt82-2k11.htm