29 November 2010
Whether landing charges levied @1 % on good Imported are to be included While recording an entry either by claiming as an expenses or not?
Foe Eg:
Assessable value : 4500 Insurance Rs 150
Total value 4650 Exchnage rate : 45
Rs 4650*45 = 209250 Landing charge = Rs 2092
Total Rs 211342 /-
Excese Duty
Please tell me entry for what amount to be recorded in tally and what about landing charges.
CAclubindia
