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cost of raw material

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(Querist)
18 November 2010 hi,
we are importing material from nepal and paying CVD now i want to ask you, Can i include this cvd into rawmaterial cost or show this in seprate ledger under direct expenses.and same with the freight inward.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
18 November 2010 CVD is canvatable for manufacturer. take cenvat credit.

if you are traders then pass on duty to purchaser.

if you will take in cost at the end it will be adjust by Closing entry of excise input and output. you can do as you like.
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