Export oriented unit & domestic trading unit

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Ankit Jain (Querist)
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01 February 2013 We have two unit one is EOU & another is DTA. Due to Excise & Custom purpose we transfer goods from EOU to DTA with proper documentation for sale in local market. The problem arises in case of valuation of closing stock at the end of period and what are the necessary entries we require to pass at the end of period.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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08 February 2013 i am posting links kindly read and understand if u are satisfy ask:-

http://www.cbec.gov.in/excise/cx-act/notfns-2k7/cent31-2k7.htm

http://www.sukhsagor.com/as/AS-2.pdf

http://www.eouindia.gov.in/epces_cieculars/circular109.pdf

case:

http://elegalix.allahabadhighcourt.in/elegalix/WebShowJudgment.do?judgmentID=1167878