Articles by Manoj Pala
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Inventory write downs vis-a-vis Rule 3 (5b) of CCR
Posted by Manoj Pala
03 August 2011
14447 Views
Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss i
Rule 3 (5b) of Cenvat Credit Rules ... Post Budget 2011
Posted by Manoj Pala
28 July 2011
25568 Views
Notwithstanding the technicality of the law viz: the point of discussion Provision for write of inventory, we opine that in the subject matter the spirit of the law in principle might prevails over the technicality of the law and which
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