Accounting treatment of excise duty.

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..... red Accountants of India the board have been informed that the question of appropriate accounting treatment of Excise Duty as a part of cost price has already been examined by the Research Committee o .....

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..... cases where assessments are pending and the assessees have not included customs and Excise Duties in the cost price, suitable action, proviso to section 145(1) as recommended by the director of Inspe .....

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