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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 We are importing goods and we are required from the suppliers to open the LC. So should i include these opening LC charges to the inventory cost or should it be treated as a finance cost.

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CA. Hari Kishan

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CA. Hari Kishan (Expert)
03 December 2012 In my opinion and general accounting principles .. its finance cost..

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