LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Jayanta Bandyopadhyay   16 December 2023

Balance sheet to show amt receivable from customs

Customs dept asks us to produce evidence Balance sheet showing " pre deposit amount for appeal refundable from Customs Dept on final disposal under sec 129". However our audited accounts missed out this. What AS states and how to address this NO SHOW in Asset side of balance sheet. Kindly guide.


 2 Replies

SAM (LEGAL)     16 December 2023

Show them ledger accounts maintained by you in previous year and inform the customs department accordingly. Get is certified from auditor

T. Kalaiselvan, Advocate (Advocate)     16 December 2023

You first of all produce the show cause notice either to your auditor or the lawyer and get their opinion on all such further issues and proceed as advised. 

No advise can be rendered without knowing the facts. 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register