Debit / Credit Notes-Container Detention Charges

[Asked by Guest]

One foreign supplier will compensate us towards container detention charges. Should we require to raise Debit Note or They will raise Credit Note. Any Tax -customs duty impact with HSN code.

Please guide

Rgds

AI Summary

Reimbursement of detention charges: supplier should issue a credit note and no customs duty arises if contract provides.
Forum guidance: the foreign supplier should issue a credit note for reimbursement of container detention charges; if such reimbursement is incorporated in the contract, no customs duty arises on receipt. The matter raises separate GST and income tax questions; one contributor stated the compensation is not income.