Landing Charges
This query is : Resolved
uttam Chechani
(Querist)
29 November 2010
Whether landing charges levied @1 % on good Imported are to be included While recording an entry either by claiming as an expenses or not?
Foe Eg:
Assessable value : 4500
Insurance Rs 150
Total value 4650
Exchnage rate : 45
Rs 4650*45 = 209250
Landing charge = Rs 2092
Total Rs 211342 /-
Excese Duty
Please tell me entry for what amount to be recorded in tally and what about landing charges.
Foe Eg:
Assessable value : 4500
Insurance Rs 150
Total value 4650
Exchnage rate : 45
Rs 4650*45 = 209250
Landing charge = Rs 2092
Total Rs 211342 /-
Excese Duty
Please tell me entry for what amount to be recorded in tally and what about landing charges.
Rajesh Kumar
(Expert)
30 November 2010
1% landing charges are merely for the purposes of calculation of custom duty..... in the books actual amount paid should be entered.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
