Treatment of Deffered Duty Paid

Ankit Aggarwal (39 Points)

31 May 2022  
I have imported some capital goods on which I have the option to not pay import duty if I fulfill certain conditions.

Now after some years I am unable to fulfill those conditions and I have paid the necessary duty amount.

my question is what should be treatment of this duty paid. should I capitalise it in the respective capital goods or charge to profit and loss account.