Accounting code for Interest paid on CD

[P Ovhal]

Dear Team,

What is the Accounting code for Interest paid on Customs duty?

[R MUTHURAJ]

Interest on Customs Duty can be paid through the following account:

 

Miscellaneous Duties - 0037 0073

AI Summary

Accounting code for interest on customs duty confirmed for posting to the designated miscellaneous duties account. Operative guidance specifies that interest on customs duty is to be posted to the designated accounting head Miscellaneous Duties - 0037 0073, identifying the ledger code for recording interest charges arising from customs duty liability.