
Hi everyone,
I imported the material on 1st Jan2016 in USD Currency when exchange rate is Rs.67. I bonded this material on the same day in Customs Bond warehouse. Further days, i Ex Bond this material on 5th March, 2016. The exchange rate on this day is Rs.69 but since its a exbonding case, my exchnage rate is freezed at the date of Bond i.e. Rs.67. So my Bill Of Entry(BOE) date will be of 5th March, 2016, but exchange rate of Rs. 67. The conflict come when i have another import purchase on 5th March, which is cleared on same date. i.e. i have not bonded it in Customs warehouse. This Clear import Bill Of Entry will have exchange rate of Rs. 69.
So i have following scenario:
ExBond BOE date 5th March, 2016, Exchange Rate of Rs. 67(Because it was bonded on 1st Jan at Rs. 67)
Clear BOE date 5th March, 2016, Exchange Rate of Rs. 69.
This issue is because all import customs taxes are converted at exchange rate fixed on date of BOE.
I am in AX 2009.
Kindly help.
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