Excise duty on finished goods
This query is : Resolved
10 June 2014
As on 31st march, we have manufactured finished products. whether in books provision for excised duty on finished goods lying in stock is necessary or not.what is the treatment ?
11 June 2014
yes it must be made at the year end.
16 June 2014
yes, you have to make proper provision for FG/Scrap etc.
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