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Rate of exchange

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2011 We are the company importing goods from abroad. Now for the purpose of calculating foreign exchange loss/ profit, rate of exhange to be considred is whether as announced by CBDT for custom duty valuation purpose or as announced by RBI.
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Kumar Babu.G

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Kumar Babu.G (Expert)
16 June 2011 Rate of Exchange announced by CBDT for Customs Duty has to be considered.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 July 2023 "Sorry, I am not a featured member."

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