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custom duty in import purchase

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(Querist)
09 August 2010 sir plz tell me group of custom duty in import purchase.
i think it is in direct exp.

regards
rajiv
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CA SMR

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CA SMR (Expert)
09 August 2010 It can be inventorised also instead of charging it off as direct expense.
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rajeev khulbe

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rajeev khulbe (Querist)
09 August 2010 thankyou madam than it is not in purchase a/c
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Nitin

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Nitin (Expert)
09 August 2010 I think what sukanya wants to say & correct also is calculate the product cost by adding custom duty on it.

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