Here we are receiveing Shipper & CHA Invoices in that we see some USD and also exchange rate as per Customs Dept. Now my query can we consider this Customs exchange rate for our accounts or should we follow the exchange rate as per RBI as of Invoice date.
Will there be any issues by Income Tax Dept if we follow the Customs rate.
KIndly advise me what is the proper accounting procedure for such invoices on this regard and do needful
CAclubindia
