Treatment of custom duty
This query is : Resolved
28 March 2016
What will be the accounting treatment of custom duty saved on capital goods procured under export promotion capital goods schemes??
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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