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Lease

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(Querist)
25 May 2013 A fixed assets is imported on lease and custom duty was charged on the fixed asset.
the question is what will be treatment with such duty.
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
25 May 2013 Add to cost. No benefit is available for Basic Custom duty. However some elements are available for taking credit.

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