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Treatment of custom duty

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(Querist)
28 March 2016 What will be the accounting treatment of custom duty saved on capital goods procured under export promotion capital goods schemes??
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Dr.RAMAKRISHNA. C

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Dr.RAMAKRISHNA. C (Expert)
03 August 2016 Can you please elaborate your question considering capital goods imported under EPCG scheme are assessed to nil rate of customs duties subject to an export obligation equivalent to 6 times of duty saved on capital goods to be fulfilled in 6 years reckoned from the date of issuance of authorization.
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