Import acounting entries and refund

lexbery (d) (227 Points)

21 November 2012  

how to pass entry when goods is imported outside the country by a trader who does not has excise registration?
how to record all the taxes in import?

also am i eligible for refund/credit of any kind of taxes which are invovled in imports??

please provide the entry under following example

assesble value 500000