Accounting of duty drawback

Hi

Duty drawback receivable a/c   Dr

   To P&L a/c  Cr

(On being export of DBK eligilble goods )

Duty drawback received a/c Dr

    To Duty drawback receivable a/c  Cr

(On receipt of DBK )

sir plzzz suggest duty draw back entries ....plzzz

Hi ,

@ When invoice for Export is booking in the Books of Accounts:

Duty Draw Back Receivable A/c   Dr

  To Duty Draw Back ( Revenue ) A/c   Cr

( Amount as per Shipping bill be considered and Invoice wise Duty draw back entries shall be passed )

@ on receipt of DDB

Bank A/c Dr

     To Duty Draw Back Receivable A/c   Dr

i am a merchent exporter. and we are getting drawback from custom . can you please tell me right entry. and can you tell me that as we get drawback that is income taxble or not. 

i am a merchent exporter. and we are getting drawback from custom . can you please tell me right entry. and can you tell me that as we get drawback that is income taxble or not. 

my number 9887744007

hi, i wlould like to know how we know the Duty draw back refund amt earlier?

or we have to pass both Entry at a time or only Receipt entry pls guide