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accounting treatment in case of import of raw materil

This query is : Resolved 
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(Querist)
10 June 2008 respected members,

one of the client imported raw material who is fall in both DEPB as well as EPCG guarantee.

In one of the case, the BOE comes with Zero liability & nothing is paid by client. However, in BOE written BCD Rs. 1098243.50 & CVD Rs. 4305109.30 which written in DEEC column.

The client debited BCD in raw materials, however no actual liability is incurred.

Please provide proper accounting treatment of the above az soon as possible.

Regards,

Prabhakar
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Taranjit Singh

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Taranjit Singh (Expert)
29 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
Otherwise it is already resolved.
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Taranjit Singh

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Taranjit Singh (Expert)
29 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
Otherwise it is already resolved.
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