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How do you treat and present the Import Customs Duty and Export Customs Duty in the Books of Accounts of a Trading Company?

Accounting Finance Accounting and Finance
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Question added by Prasanthan Thayil , Finance Director , Seagrass Middle East Hospitality LLC
Date Posted: 2017/07/09
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Deddy Sutrisno
by Deddy Sutrisno , Member of Committee Audit , PT Asuransi Ramayana Tbk

The import customs duty will be added to the cost of inventory. The export customs duty will be treated as duty charges as part of cost of goods sold 

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