Excise duty
This query is : Resolved
02 April 2012
Plz Help me Out
While valuating for Raw materials, WIP ,Finished goods in working capital management if in the question it is also given that (The product is subject to excise duty of 10% levied on cost of production). What will be it's effects? Will it be included in valuation of debtors and WIP?
While valuating for Raw materials, WIP ,Finished goods in working capital management if in the question it is also given that (The product is subject to excise duty of 10% levied on cost of production). What will be it's effects? Will it be included in valuation of debtors and WIP?
02 April 2012
In Raw Material Excise Part Added so It will be Cost of Raw materials.
In finished Goods/WIP, Rate is not fixed for charging of Excise.So Excise will be calculated approximatly seperetly.seperet detail of duty required.
In finished Goods/WIP, Rate is not fixed for charging of Excise.So Excise will be calculated approximatly seperetly.seperet detail of duty required.
10 April 2012
The expert has given you correct reply and I agree with him
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
