cost of gunny bags
This query is : Resolved
18 June 2008
whether the cost of gunny bags used to store & sell the manufactured sugar can be included in the cost for the valuation of finished goods.
and secondly, whether the excise duty paid on the gunny bags can be availed as cenvat credit. a case supporting the availment of cenvat will help me, as at present excise authorities has denied the cenvat on the same
and secondly, whether the excise duty paid on the gunny bags can be availed as cenvat credit. a case supporting the availment of cenvat will help me, as at present excise authorities has denied the cenvat on the same
18 June 2008
For valuation of stock,following amounts shall be taken into account
1.cost of purchase
2.Manufacturing cost
3.duties and taxes paid
4.other expenses incurred to bring the goods to present condition
Whereas gunny bags are packing materials without which sugar can be manufactured and sold in the market.Normally packing materials would not be considered for valuation of stock.
1.cost of purchase
2.Manufacturing cost
3.duties and taxes paid
4.other expenses incurred to bring the goods to present condition
Whereas gunny bags are packing materials without which sugar can be manufactured and sold in the market.Normally packing materials would not be considered for valuation of stock.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
