Nature of custom duty on purchase of material
This query is : Resolved
Anita Singh
(Querist)
08 July 2015
We are dealing in heavy earth moving spare parts.We import and sell in India.So Custom duty paid on import is whether Direct expense or Indirect expense?
08 July 2015
It is a direct expense. Since it can be directly attributable to goods purchased, it would be a direct expense only.
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