OFICIAL LETTER NO. 4100/TCT-CS DATED 28 NOVEMBER 2013 OF GDT IN GUIDANCE OF CIT, CANCELLATION EXPENSE FOR IMPORTED GOODS
According to official letter No.4100/TCT-CS:
In case, if the Company imports goods and detects exporter to supply goods in not compliance with provisions of the contract and then negotiates to return the goods but the exporter does not receive the goods then cancels the whole goods, the expense relating to the goods (cost of goods sold, imported services, cancellation expense…) will not be included deductible expense when CIT income is determined.
