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Former Member
Jul 02, 2015 at 05:55 AM

Exchange rate issue: Import PO without CIN

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Dear Experts,

Below is the following situation.

PO created with exchange rate 1USD = 61 INR date 01.06.2015 (Exchange rate fixed not ticked in PO header)

Base price 200 USD/ Unit (= 12200 INR)

Customs Duty 20% so 40 USD (= 2440 INR)

Customs invoice booked first in INR on 22.06.2015 with exchange rate as 1 USD = 62 INR

Customs duty @ 20% = 40 USD (= 2480 INR)

Goods receipt on same date 22.06.2015 with exchange rate as 1 USD = 62 INR.

GR IR account 200 USD (=12400 INR)

Customs duty account 40 USD (=2480 INR)

Exchange rate difference account should be (Base price exchange rate difference 200*61-200*62 = 400)

Then why it is showing as 813.44

Final invoice for PO vendor on 02.07.2015 with exchange rate as 1 USD = 63 INR

Vendor Account 63*200= 12600 INR

GR/IR account = 12400 INR

Exchange rate difference = 200 INR

Settings made in system are

In OB08 Exchange rates are maintained for the different dates.

In OMRW : Rate type maintained is M, and CCCurr box is ticked, No entries made in ERD column.

In OBA7: For goods receipt document type WE exchange rate is maintained as M.

I have attached screen shots.

1. PO screen shot

2. Customs Invoice accounting entry screen shot

3. GRN accounting entry screen shot.

Please advice.

Thanks and Regards,

Amit.

Attachments

PO.png (26.1 kB)