sir,
i have imported a laundry machine for our production from china.. product value is. 46800 dollars..
for the same, i have paid import duty of rs. 7 lakhs...
shall i take the asset value including exercise amount?
pls advice
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Machinery purchase
Replies (1)
since import duty is not refunded thus you can add the same to cost of machine and claim the same as depreciation every year.
CAclubindia
