Pls, rely
Accounting treatment of DEPB accrual and selling of the same.
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 11 December 2009
You can treat it as Current Assets.
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 22 December 2009
DEPB refers to duty entitlement pass book , issued by concrned reagional licensing area, inlieu of post export basis.
after realisation the bank certificate of export and realisation(BRC)
and when this sales , at present if u are registered in sales tax dept. then u elgible for giving the tax as per your state, vat department .
U CAN TREAT AS CURRENT ASSETS.-
RAMESH
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