Refund of Forex Advance

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..... Refund of Forex Advance
Query (Issue) Started By: - Prateek Patodia Dated:- 5-6-2013 Last Reply Date:- 5-6-2013 FEMA
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FEMA
I had made an Advance in Euros for a machinery some t .....

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..... ime ago, however I have been forced to cancel the order now. The advance had been made at a time when the exchange rate was 67 but today it is at 74. How would I have to treat the gain? This transact .....

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..... ion is in a Ltd. company. Reply By Pradeep Khatri: The Reply: Please boook the gain in the account of foreign exchange fluctuation account. Also inform the AD/RBI in this regard that you had made an .....

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..... advance payment and now got it back.
Discussion Forum - Knowledge Sharing .....

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