Disclosure of Exchange Difference on sale of Goods as per revised schedule VI, Accounting - Auditing

[Siraj Shaikh]

Dear Collegues,

 As per the revised schedule VI, the exchange difference on sale of goods be treated as part of Finance Cost or Other Expenses ?

Posts / Replies

[CA GOPALJI AGRAWAL]

Exchange difference attributable to borrowings costs can only partake the part of finance cost not otherwise like in the case of sale of goods.