Hi,

I have the following query:
GOI vide notification ref:

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm

has announced refund of Additional duty of customs, on meeting certain conditions. Now, i am an importer-trader. I import goods which are liable for Addl duty of customs @ 4%. Should i add this as part of my inventory cost? Or should i treat it as a receivable?
(Please refer the above link for the full text of the notification)
My Doubt i cannot treat this as a receivable, as there is no certainty. I am eligible to file for a refund only on satisfying the given conditions.

If i load this with my inventory, Will I not be eligible to claim REFUND because of Principles of Unjust enrichment? (Sec.27 of Customs Act).

Please guide.

Thanks / Vijay

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A product is imported and same is also manufactured in India, and it's tax structure is as follows ;-

Basic rate 100.00
Custom duty @7.5 7.50
E.Cess @3% 0.225
--------
Total 107.725
Add CVD @16% 17.236
Add E.cess @3% 0.517
--------
Total 125.478
Add Spl duty @4% 5.019
-------
Total 130.497
-------
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