Cenvat on closing stock valuation

NO Cenvat Credit can not be added to the value of stock as

TAxes to the extent recoverable will not form part of the value of inventory.

I agree with Ashish gupta.

According to AS-02, we need to exclude all tax amount, which are recoverable.

with regards,

CMA.Baskar.V

both mr. ashish gupta and CMA Chaskar are correct,

as-2 specifically excludes cenvat credit to be included in closing stock.. You can also refer to Guidance note Issued by ICAI on Treatment of Excise Duty

both mr. ashish gupta and CMA Chaskar are correct,

as-2 specifically excludes cenvat credit to be included in closing stock.. You can also refer to Guidance note Issued by ICAI on Treatment of Excise Duty

If a company is pure trading company , registered under central excise act  & just passing on excise duty according to QTY. should we include excise duty in valuation of closing stock ?