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taxaudit

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2010 whether exciseduty is to be added in closing stock?as there is a conflict in sec 145A and guidance note by ICAI{inclusive method or exclusive method}.plz elaborate?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
24 September 2010 As per exclusive method excise duty is to be added to closing stock of raw material and finished goods.

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