Question
Crystallisation of outstanding Foreign currency liability into rupee liability, in case of non realisation of export bill, is to be done at ________
Solution
Consequent upon non-realization, Conversion of Foreign Exchange liability into Rupees is called crystallization. In case the importer fails to make payment, crystallization of Foreign Exchange liability into Indian Rupees is done on 10th day at TT selling Rate.
More Financial Management Questions
- Why do cross-functional teams often use collaborative approaches in decision-making?
- Conditions imposed by the lender on the borrower that certain activities will or will not be carried out are called…………
- How much equity infusion has been allocated through the Self-Reliant India Fund?
- Which is correct step by step process of risk management:
- What is the new threshold for the Basic Services Demat Account (BSDA) as per SEBI's recent guidelines?
- Consider the following statements about the Employees' Provident Fund Organization (EPFO): 1) EPFO only manages the Employees' Provident Fund (EPF) scheme....
- Which section of the MSMED Act, 2006 provides for the registration of associations of MSMEs?
- What is the enhanced scope for mandatory onboarding in Trade Receivables Discounting System (TReDS) for buyers as per the Budget 2025-26?
- Which of the following is most likely a sign of a good corporate governance structure? A.The chief executive position is separate from the chairperson pos...
- What is the new exemption threshold for contactless card transactions under the RBI's proposed Alternative Factor Authentication for digital payments?
