glidor@gmail.com
21063 Points
Joined January 2010
for dealers excise content is not a tax, they have to value the input including all taxes and output shall be also including all taxes,
not passing the duty does not means the materials gone without duty, materials moved "duty paid" but the buyer is not in position to avail input credit through excise invoice, so he did not issued invoice.
closing stock will be 10*(50+5+5)=600