Shama International Ltd. Exported some goods to USA by air at an FOB price of US $1,00,000. Other details are as follows:Particular Presentation of shopping bill Let export order Date 16 april Rate of duty 12%10%Exchange rate notified by CBDT 1 US $ = 651 US 5 = 64 Exchange rate prescribed by RBI 1
Answer (1)
19th Feb, 2021
Hello candidate,
The RBI reference rate or the exchange rate is the rate of other currencies against the Indian rupee.
But in the above mentioned question, not provided that about which nation or which term you are asking about.
Hence, kindly recheck your question before posting.
Feel free to ask more queries!!
Have a good day.
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