Valuation of cl. stock
This query is : Resolved
05 August 2016
I have taken Excise mfg. licence from mid of the year. There was Cenvat duty balance on closing stock . How to give effect of Cenvat duty on cl. & op. stock of both period i.e. before and after obtaining mfg. licence and in P & L Accounts ?
07 August 2016
You can take the cencat credit on the accumulated stock.
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