Project import Duty

We import goods on regular basis for each project specifically. Suppose we have imported few goods for Project X and paid import duty to B (Custom clearance co.) of a sum of 20000. What will be the accounting entries.

Accounting Entries passed.

B A/C Dr 20000
TO Bank A/C Cr 20000

(Payment of import duty to custom clearance company)

Project X A/c Dr. 20000
To B A/C 20000
(Import Duty for Project X)

Project import Duty