4% sad refund
This query is : Resolved
23 December 2013
Dear sir/Madam,
In the F.Y.2012-13 i have imported goods from outside India and i have paid SAD @4% and i have shown SAD amount in Current assets as SAD refund receivable in Balance sheet of F.Y.2012-13,but later i have failed to submit with in the one year so some amount has expired ,so the difference amount what should i have to do?
For example:
I have shown SAD refund of Rs.1,00,000.00(for the Period 01.08.2012 to 31.03.2013)
in that 1 BOE dated 05.08.2012 of Rs.50,000.00 has expired.(i.e i have submitted the documents In Nov.2013) Now i am eligible for SAD refund only Rs.50,000.00 .
So Expired Rs.50,000.00 how can i nullify the same.
Thanks&Regards,
Srinivas
In the F.Y.2012-13 i have imported goods from outside India and i have paid SAD @4% and i have shown SAD amount in Current assets as SAD refund receivable in Balance sheet of F.Y.2012-13,but later i have failed to submit with in the one year so some amount has expired ,so the difference amount what should i have to do?
For example:
I have shown SAD refund of Rs.1,00,000.00(for the Period 01.08.2012 to 31.03.2013)
in that 1 BOE dated 05.08.2012 of Rs.50,000.00 has expired.(i.e i have submitted the documents In Nov.2013) Now i am eligible for SAD refund only Rs.50,000.00 .
So Expired Rs.50,000.00 how can i nullify the same.
Thanks&Regards,
Srinivas
23 December 2013
Book it as an expense and the balance amount should be reflected in balancesheet
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