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accounting treatment in case of import of raw materil

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This query is : Resolved

CA Prabhakar Dubey (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

Taranjit Singh

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.

Message likes : 1 times

Taranjit Singh

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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