10 August 2010
what is the import purchase entry.supoose we purchase raw material from china rs.10 lakh.than what is the entry import purchase a/c dr. 800000 custom duty a/s dr. 200000 to party 1000000
custom duty a/c group in duties & taxes regards rajiv
11 August 2010
sir why we are doing custom duty cr.while in purchase we are dr. the tax than sir what is the reason to cr. custom duty plz sir reply so soon thanks
12 August 2010
Custome duty paid in advance with CVD, Cess, Custom duty & addl duty, so we credit custom duty to write off custome duty and all exps. will be cost of purchase.
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