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Exchange rate for fob

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Querist : Anonymous (Querist)
30 April 2013 In notes to accounts and directors' report, it is mandatory to disclose FOB value of exports. Which rate should be considered for calculating FOB? Rate on the date of shipping bill or rate on the date of bill of lading?

13 May 2013 No specific guidance exist on this. Better to go for Shipping Bill.



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