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When to booked in books of accounts Custom Duty as expenses on Purchase

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(Querist)
02 February 2026 When to Booked in books of accounts custom duty paid as expenses on import purchase.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
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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