Accounting treatment of customs duty
This query is : Resolved
23 December 2012
hi pls anyone advise me accounting treatment on given below matter:- we hv paid advanced customs duty worth rs. 3.55 lacs in the m/o nov 12 as DD given to CHA in advance. now in dec month CHA has returned DD for said amt. to us on account of rule change in customs, now duty will be pay online and we deposited DD in bank and got same amt. back. then our CHA has paid customs duty worth rs. 3.59 lacs on our behalf and raised debit note for same amt. to us. in dec month.
hi pls anyone advise me accounting treatment on given below matter:- we hv paid advanced customs duty worth rs. 3.55 lacs in the m/o nov 12 as DD given to CHA in advance. now in dec month CHA has returned DD for said amt. to us on account of rule change in customs, now duty will be pay online and we deposited DD in bank and got same amt. back. then our CHA has paid customs duty worth rs. 3.59 lacs on our behalf and raised debit note for same amt. to us. in dec month.
29 December 2012
https://www.caclubindia.com/experts/accounting-for-customs-duty-247855.asp#.UN6SMWc-1tg
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