on 03-07-2022 11:12 AM
How to perform Import process without Maintaining Basic Custom Duty.
Example
Quantity -10000 MT
Assessable Value -Rs 1,00,000
Custom Duty - Rs 0
Gst Comp Cess rate- 400/Mt
IGST- 5%
Accounting Entry Will be
Dr. Gst Comp Cess - 4,00,00,000 (10000*400)
Dr. IGST - Rs 5000 (100000*5%)
Cr. Ice gate Custom - 4,00,05,000
Imports scenario where Basic Custom Duty(BCD) is Zero:
JCDB is maintained as delivery condition in pricing procedure. Maintain JCDB value as 0.01. Then, it will flow in Customs MIRO. Enter the assessable value. Use tax code with RCM rates for line. This amount 0.01 will be posted to JCDB G/L account.
If your business doesn't want 0.01 amount to be posted in GL account, you need to handle it via direct FI posting.
https://wiki.scn.sap.com/wiki/display/ERPSCM/Imports+Configuration+for+GST
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