diff --git a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
index 274073b638e..bf5f9f4d1d4 100644
--- a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
+++ b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
@@ -572,9 +572,7 @@ class PurchaseReceipt(BuyingController):
 					)
 
 					stock_value_diff = (
-						flt(d.base_net_amount)
-						+ flt(d.item_tax_amount / self.conversion_rate)
-						+ flt(d.landed_cost_voucher_amount)
+						flt(d.base_net_amount) + flt(d.item_tax_amount) + flt(d.landed_cost_voucher_amount)
 					)
 				elif warehouse_account.get(d.warehouse):
 					stock_value_diff = get_stock_value_difference(self.name, d.name, d.warehouse)