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.
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Neither of the solutions seem to be effective.
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