When to booked in books of accounts Custom Duty as expenses on Purchase
This query is : Resolved
02 February 2026
When to Booked in books of accounts custom duty paid as expenses on import purchase.
03 February 2026
Basic Customs Duty and Social Welfare Surcharge are always capitalised/expensed as part of purchase cost at the time of Bill of Entry, whereas IGST on import is expensed only if ITC is not available.
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