Duty is recorded as expenses

This query is : Resolved

Guest

Guest (Querist)

17 March 2014 Whether Excise Duty on export sales is recorded ???
And the same is receiving as rebate which is accounted under current assets as Rebate Receivable

Arun Kumar Singh

Arun Kumar Singh (Expert)
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18 March 2014 Export unit can take the benefit of excise duty in duty drawback.

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Duty is recorded as expenses

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