Import Purchases Dollar Rate

There is a Pvt Ltd Co makes Import Purchases.
Now, they are recognizing purchases at dollar rate which is mentioned in Bill of Entry.

Ques is 
1. Can they do so?
2. If yes, Please provide some explanation.
3. If no, then is there any remedy as the company is following the same since its incorporation.
Asked 2 years ago in Audit from New Delhi, Delhi

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