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Provisoin of excise duty on fg

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2010 what is journal entry for recording liability of excise on Finished goods lying in stock and how ti does not affect profit if it is included in cosing stock?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
09 May 2010 No need to pass jurnal entery.

only duty involve of finished goods will show in 3CD annexure.
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