Poonawalla fincorp
Poonawalla fincorp

Excise On Purchases

This query is : Resolved 
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(Querist)
03 December 2008 I have purchased goods from china & other countries and I have paid Central Excise Tax so I want to know I have to add the Excise amount to purcahses A/c or I have to show it separate as an expenditure.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
03 December 2008 If You are Registered with Excise then take Cenvat Credit of Excise Duty. Purchase automaticly will be without excise.

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