TaxTMI 
TaxTMI 
Re: Credit note in Foreign Currency
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....e: Credit note in Foreign Currency<br> Query (Issue) Started By: - PONNADA B K RAVIKUMAR Dated:- 17-9-2010 Last Reply Date:- 1-10-2010 Other Topics<br>Got 2 Replies<br>Indian Laws<br>We are importing ....
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....soup in the month of april’10 and May’10 the Exchange rate in these months are Rs.43 per Euro and Rs.43.60 per Euro and accounted , after that these two consignments are rejected, so we got the Cr....
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....edit note dt 30.04.10,but we received in the month of Sept’10, so which rate we have to account this credit note Reply By GOPALJI AGRAWAL: The Reply: The date of credit note or month of receiving is....
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.... not so important as the date of crystallisation of claim. The transaction should be recorded on the date on which the claim becomes certain. Reply By PONNADA B K RAVIKUMAR: The Reply: so what rate i ....
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....have to account this credit note, whether @ 43 or 43.60, pls confirm sir<br> Discussion Forum - Knowledge Sharing ....