TaxTMI 
TaxTMI 
DUTYDRAWBACK
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....UTYDRAWBACK<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 25-6-2014 Last Reply Date:- 25-6-2014 Accounting - Auditing<br>Got 1 Reply<br>Companies Law<br>A Ltd. Co. made export sales in Financial....
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.... Year 2013-14. Total 9 Invoices were raised. It is in receipt of duty drawback in respect of such export sales. It received duty drawback in respect of certain invoices in Financial Y....
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....ear 2013-14 and in respect of certain invoices received in Financial Year 2014-15. Query is :: ....
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.... The amount received as duty drawback in F.Y. 2014-15 in respect of invoices raised in F.Y. 2013-14 will be treated as income in F.Y. 2014-15 or will be booked as incom....
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....e recoverable in F.Y. 2013-14. Reply By PAWAN KUMAR: The Reply: As per my view, income earned as duty drawback on export during 2013-14 is to be booked during 2013-14 irrespective of duty draw....
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....back actually received from department during 2014-15. The same would be booked as per the shipping bill generated because the shipping bill contains the amount of duty drawback sanctioned.<br> Discus....
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