Samplea and its custom duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2016
Hi All
We purchased 1438/- value of goods as samples(for demonstration) and paid 600/- as custom duty for the carriage
How should i treat this samples and custom duty in my books ?
Please give details and heads of expenses ?
Regards,
We purchased 1438/- value of goods as samples(for demonstration) and paid 600/- as custom duty for the carriage
How should i treat this samples and custom duty in my books ?
Please give details and heads of expenses ?
Regards,
21 June 2016
Hi,
With regard to your query, Samples procured are to be treated as business promotion expenses under indirect expenses until and unless it is not for sale and custom duty paid is to be accounted under the head direct expenses.
With regard to your query, Samples procured are to be treated as business promotion expenses under indirect expenses until and unless it is not for sale and custom duty paid is to be accounted under the head direct expenses.
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