18 January 2012
We are 100% EOU unit ,exporting duty free goods to overseas vendors. Due to some reason a vendor did not accept 10% goods claiming short receive of goods & paid amount after deduction 10%. so how we should account for this 10% of goods short recd by vendor.we can not show it as a return of goods because it creates duty liability on us ,moreever in realty we have not recd any goods. so how to treat this in accounts?
CAclubindia
