Duty drawback received affects profit

MITEN SHAH (SELF OCCUPIED) (47 Points)

02 January 2021  

In current financial year of 2020-21 we have received custom duty drawback of Rs.13000.

My question is the duty drawback received on export of goods are income of the business ?

If yes, then undertaking have to pay double income tax on profit on export sale + duty drawback.

Please clarify & also explain the passing of entries on the books.