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AS 26

Accountancy

In this why did the purchase tax is added after taking into consideration the import duty . Shouldn't purchase tax be computed on the purchase price ie 4940000?

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Swathi Krishna

Swathi Krishna

CA Final

8K+

29-Oct-20 20:02

319

Answers (1)

Generally in imports, such taxes are charged on full value including customs duty.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

30-Oct-20 12:53

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