Custom duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2011
Dear Experts
Custom duty paid on import is not Cenvatable and under which head we have to creat Custom duty ledger a/c
Pls clarify
thanks in advance
Custom duty paid on import is not Cenvatable and under which head we have to creat Custom duty ledger a/c
Pls clarify
thanks in advance
Preety Parik
(Expert)
11 August 2011
If the good imported is capital Asset, custom duty will be debited to the respective Capital Asset A/C. If it is a trading good item debit to the respective trading goods A/C.
If the good imported is capital Asset, custom duty will be debited to the respective Capital Asset A/C. If it is a trading good item debit to the respective trading goods A/C.
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