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.
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Treatment of Deffered Duty Paid
Replies (1)
All import duty to be capitalized.
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