Accouting Entries of Import

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niyati (Querist)
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18 June 2010 Can anyone give me detail accounting tretment for taking credit of various custom duties and availing that credit in general?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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18 June 2010 DEBIT
Purchase Import 2579412.50
Cenvat(RG23A-II) 261395.00
Education Cess 5228.00
Higher & Secondary Cess 2614.00
Addl Duty 115800.00

CREDIT
Metals Internationals 2377996.00
Custome Duty 521324.00
Handling servces P.Ltd 62047.00

Cargo carriers 2757.50
Cargo carriers reimbursment 325.00
Being amount of purchase