Export related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2013 DEAR SIR,
In the course of export of goods (e.g Suppose Commercial Bill amt is 5000 usd & custom rate is 55 Rs per $ for particular month where as as on date of recording sale Rate is 53 rs per $ then on which amount sale should be recorded in books of accounts?????

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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26 January 2013 THE RATE EXISTING ON THE DATE ON WHICH GOODS WERE DESPATCHED SHALL BE TAKEN AND NOT THE DATE ON WHICH SALE IS RECORDED IN THE BOOKS.

SO U HAVE TO BOOK THE SALE @ 55/-PER DOLLAR ONLY.