accounting treatment of depb license

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CA Vasneet Kaur (Querist)
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16 December 2010 hii
if any exporter is entitled to depb license when should recognition in books be made whether on cash basis or accrual basis????

CA Manikandan.A.V (Expert)
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18 December 2010 As per normal practice DEPB is booked on actual sale/cash basis not on accrual basis. VAT is payable on such sale.

CA Vasneet Kaur (Querist)
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20 December 2010 can you refer some guidence note or some material with this regards
Thanks

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