Pls, rely
Accounting treatment of DEPB accrual and selling of the same.
2 Replies
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 11 December 2009
You can treat it as Current Assets.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 22 December 2009
DEPB refers to duty entitlement pass book , issued by concrned reagional licensing area, inlieu of post export basis.
after realisation the bank certificate of export and realisation(BRC)
and when this sales , at present if u are registered in sales tax dept. then u elgible for giving the tax as per your state, vat department .
U CAN TREAT AS CURRENT ASSETS.-
RAMESH
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