Exchange rate issue: Import PO without CIN

[Former Member]

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.

[Former Member]

Vendor's final invoice.