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1 % landing charges on import purchases

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(Querist)
14 June 2016 what is the accounting treatment of 1%landing charges in case of import purchases? if it is included in purchases, can it be sent to exchange fluctuation a/c along with actual exchange fluctuation? if not suggest me the correct treatment..
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Rupesh Jain

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Rupesh Jain (Expert)
14 June 2016 it related to the material then its part of purchase cost of material.
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manikanta

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manikanta (Querist)
14 June 2016 in case if it is included in purchases, then what about the balance in creditor a/c after payment?
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