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.

16 June 2011 Rate of Exchange announced by CBDT for Customs Duty has to be considered.

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