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Adjusting Closing Stock

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(Querist)
07 September 2010 Hi,

If we adjusting in closing stock to reduce the profit , does it affect excise ? in case of first stage dealer cum if it is a trading company how it does affect?

Thanks & Regards

Mahesh.R
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Nischint Kumar Somani

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Nischint Kumar Somani (Expert)
07 September 2010 yes,
excise will be get effected as you have to report your closing stock detial to the excide authorities.
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Mahesh Rathinavelu

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Mahesh Rathinavelu (Querist)
08 September 2010 Thank You very Much ....
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