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TMI BlogDUTYDRAWBACKX X X X Extracts X X X X X X X X Extracts X X X X ..... A Ltd. Co. made export sales in Financial Year 2013-14. Total 9 Invoices were raised. It is in receipt of duty drawback in respect of such export sales. It received duty draw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... back in respect of certain invoices in Financial Year 2013-14 and in respect of certain invoices received in Financial Year 2014-15. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query is :: The amount received as duty drawback i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 income recoverable in F.Y. 2013-14. - Reply By PAWAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 drawback actually received from department during 2014- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15. The same would be booked as per the shipping bill generated because the shipping bill contains the amount of duty drawback sanctioned. - DUTYDRAWBACK - Query Started By: - S.C. WADHWA Dated:- 25 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -6-2014 Accounting - Auditing - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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