https://www.taxtmi.com/forum/issue?id=106945 Duty drawback constitutes export incentive income that must be recognised in the accounting period in which the export entitlement arises. Where the shipping bill generated in the export year records the sanctioned duty drawback amount, that amount should be booked as income in that export year, irrespective of actual receipt in a subsequent year. en-us Wed, 25 Jun 2014 12:55:37 +0530 Thu, 23 Jan 2025 15:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106945 Duty drawback constitutes export incentive income that must be recognised in the accounting period in which the export entitlement arises. Where the shipping bill generated in the export year records the sanctioned duty drawback amount, that amount should be booked as income in that export year, irrespective of actual receipt in a subsequent year. Discussion-Forum Companies Law Wed, 25 Jun 2014 12:55:37 +0530 https://www.taxtmi.com/forum/issue?id=106945