Additional excise duty 4% (import) can be setup with bed

Lalit Sangani (M.Com. Asst. Manager Account)   (736 Points)

04 May 2012  

Dear Experts,

We have done Import Purchase and taken credit of Addtional Excise duty 4%, can I setup this duty with Basic excise duty payable which we have charged in Invoices.

ie.  Credit taken of Additional Excise duty paid thrugh DEPB License  -          100000

       Excise duty payable 12%                                                                          -            50000

    can I setup above amount.