Dheeraj Mishra (M.Com, MBA Finance) (54 Points)
27 August 2010I want to know what Journol entry should pass when we purchase DEPB from a party and use it for custom duty payment
1 when we purchase DEPB
2 when we paid custom duty
Is this entry is correct please suggest me
when purchase depb
depb a/c dr
party a/c cr
when duty payment
custom duty dr
depb a/c cr
Inderjeet Singh
(s)
(44 Points)
Replied 27 August 2010
Dear frnd
First of all tell wht typ of duty u hv pd,basically following duties are involved(entry would be type of duty due credit available
BCD, CVD ,Custome
Dheeraj Mishra
(M.Com, MBA Finance)
(54 Points)
Replied 27 August 2010
| Originally posted by : Inderjeet Singh | ||
 |
Dear frnd First of all tell wht typ of duty u hv pd,basically following duties are involved(entry would be type of duty due credit available BCD, CVD ,Custome |
 |
dear friend we use depb for paid 100% custom duty
CAclubindia
