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Ms. Gemini Hitech plans to expot software products to USA worth Rs. 10 million Sister concern of Gemini Hitech, Leo Systems, plane to impart equipment

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Ms. Gemini Hitech plans to expot software products to USA worth Rs. 10 million Sister concern of Gemini Hitech, Leo Systems, plane to impart equipment from Germany worth Rs.4 million. Export proceeds of M/s. Gemini Hitech will be realized 3 months from now. Leo Systems have to make payment 6 months from now. The market rates are: Spot Rs./ $ : 18.20/22 Rs./ Euro : 48.00/02 Rs./ : 75,26 / 27 $ Euro 4% 3% 2% Currency Annualized Premium The invoicing can be made in any of the currencies for the exports and imports. Advice the companies about the currency of invoicing

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