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Former Member
Apr 11, 2014 at 12:30 PM

Duty calculation for import PO for a specific material group

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Hi All,

As per company requirement, we need to do changes in duty calculation for import PO for a specific material group.

Current scenario : Currently duty calculating on MRP with abatement 35% ( We have ABTT condition @ 35% of MRP).

For example:

Material: ABC , Basic Price = 1000, MRP = 2000 and duty is 10%

Duty Amt = 2000(MRP) - 700(35% ABTT) *10%(Duty) = 130

Cess 2 % = 2.6

Ecess 1 % = 1.3

Total duty = 133.9

This duty (133.9) paid to custom vendor and loads in material cost.

New Requirement: For vendor payment purpose duty should be calculate as above but for material cost should be calculated on Basic price.

For Example:

Material: ABC , Basic Price = 1000, MRP = 2000 and duty is 10%

Duty Amt = 1000(BP) *10%(Duty) = 100

Cess 2 % = 2

Ecess 1 % = 1

Total duty = 103 ( It should load in Material cost)

New Condition Diff Duty Amt = (1300-1000)*10% = 30

Cess 2 % = .6

Ecess 1 % = .3

Diff Duty Amt = 30.9 ( It should not be added in material Cost)

Paid to custom vendor = 103 + 30.9 = 133.9

Kindly suggest how to achieve this.

Regards

Jitendra