Imported fixed asset entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2011 can you please tell me how enter voucher in tally regarding imported fix asset (machinery)
& how much take custom duty & excise please brief with figure???????????

12 November 2011 IF YOU ARE EXCISEABLE UNIT THAN YOU CAN TAKE A CREDIT OF CUSTOM EXCEPT CUSTOME PAID @7.5% AND CESS THEREON. REST CUSTOM DUTY ,CESS, ADDITIONAL DUTY, ARE ELIGABLE TO TAKE CREDIT.


ALL OTHER EXP LIKE CLEARING FORWARDING, FREIGHT, INSUREANCE SHOULD BE CAPITALISED.

HOPE YOU ARE ABLE TO MAKE ENTY.


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