AS-2
This query is : Resolved
08 July 2011
whether excise duty forms part of closing stock while valuation? and why.
09 July 2011
Dear Sumit,
Yes excise duty forms part of closing stock as it has been specifically provided in the guidance note on Excise Duty.
Regards,
Abhisek Tosniwal
Yes excise duty forms part of closing stock as it has been specifically provided in the guidance note on Excise Duty.
Regards,
Abhisek Tosniwal
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