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This query is : Resolved
26 June 2009
Dear Experts,
Additional Duty of Custum is setoff against Exicise duty?? What about the basic custum duty [BED]. Is BED forms part of closing stock of raw material or else it forms part of profit & loss A/c. Please reply.
Additional Duty of Custum is setoff against Exicise duty?? What about the basic custum duty [BED]. Is BED forms part of closing stock of raw material or else it forms part of profit & loss A/c. Please reply.
Madhukar N Hiregange
(Expert)
26 June 2009
Basic Cusotms duty not available for set offo. Is a ocst debited to P&L.
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