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Regarding Purchase

This query is : Resolved 
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(Querist)
15 June 2010 Please Clarify the following issue
"A Partnership Firm import goods from Afganistan paid Claring Charges to Custom House Agent & freight to local Transporter in India and includes such Clearing Charges & freight Charges in Purcahse"

Whether it sholud be included in purchase or not......

in my view it should be byfucated Clearing Charges & freight As A DIRECT Expenses.......


Thanks
Please Clarify on such issue.....
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
15 June 2010 yes , your view is right. It should be treated as direct expenses.
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