Valuation of stock

This query is : Resolved

Smrity (Querist)
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15 April 2015 Hi Everyone,

I have a query.

My company is a trading company, we import goods and sell in the local market.

We incur Customs duty, clearing Chgs., Agency Chgs, and transportation chgs. from Customs to Our godown.

Apart from customs duty, whether all the other chgs shld be considered for valuation of stock.

CA Subham Verma

CA Subham Verma (Expert)
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15 April 2015 All expenses incurred to take Goods to godown/warehouse are direct expenses, hence will be considerd for valuation of stock.

Therefore all expenses in your query will be considered for valuation of stock.