Hi an Imported assest should be capitaliised at the exchnage rate mentioned in the Bill of entry and not the payment rate . Just wanted to confirm where the same guidance is mentioned.
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Capitalisation of imported capital assest
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dear pawan,
you are absolutely correct in doing so. any differnce aftermath due to fluctuation of exchange rate should be routed to P&L a/c.
cheers
ganesh agarwala
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