Valuation of inventory

On valuing closing stock., all expenses( including freight,insurance,taxes,duties,all are to be included) as per AS-2 for valuation includes for further sale or such further realisation.,Companies (Accounting &Record ) Rules mention to do so.,There is no point of descrimination., for purpose of valuation is ascertainment of realizable value., and no trader would include statutory duty payment from his own p&l a/c.Even statutes prescribe to shift the burden of manufacture on CONSUMER.,

Dear Sir,

To eliminate effect of excise duty paid in both opeining stock & closing stock, we create provision for excise duty on stock. There will no question of fictitious profit thereafter.

but we increase value of closing stock by making provision of excise duty ? which is fictitious

mahal ji,

you said that "no trader would include statutory duty payment from his own p&l a/c.Even statutes prescribe to shift the burden of manufacture on CONSUMER" 

rather you treat excise duty as statutory payment, so, you want to said that exice not include in valuation of closing stock. give me the proof of such treatment.