Exchange rate for export invoice
jignesh (BUSINESS) (67 Points)
11 April 2021
which exchange rate is considered in case of export invoice for accounting entry??
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 April 2021
Exchange rate at the date of transaction shall be considered
jignesh
(BUSINESS)
(67 Points)
Replied 11 April 2021
Means invoice date or shipping date or CBEC rate????
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 April 2021
Invoice date shall be considered and for computation change in rate of foreign exchange rates value at the date of Transactions and value at the end of the year shall be considered and also CBEC rate shall be considered
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