Treatment of Deffered Duty Paid

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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.
Replies (1)
All import duty to be capitalized.


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