Re: Credit note in Foreign Currency

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..... We are importing 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 .....

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..... we got the Credit 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 .....

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..... of receiving is 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 Repl .....

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..... y = so what rate i have to account this credit note, whether @ 43 or 43.60, pls confirm sir - Re: Credit note in Foreign Currency - Query Started By: - PONNADA B K RAVIKUMAR Dated:- 17-9-2010 Other T .....

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..... opics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c .....

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..... om - TMI - TaxTMI - TMITax .....

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