Import MIRO

[Former Member]

I am running import cycle wherein we post Customs IV before GR.

The dollar rate which was used at the time of PO will change when I will do IV for customs; IV will be done in Rs. The IV will be done at current exchange rate and not at PO rate of exchage.

Now how will I cater this situation during IV?

regards

VS

[Former Member]

Hi,

Problem occour due to indian currancy fluctuation that will change day by day.

u handle situation with FI-MM Integration .Contact with your FI person and assign difference a/c.

Other wise u fix the rate for PO.

Regards,

vivek

[Former Member]

HI

Please check this with your FI guys, To cater this type of flatuations you should maintain a account with " DIfferences due to exchange flucuations", you can find the same in OBYC settings.

Since Import transaction involves two currencies you should use the " differences due tio exchange fluctuations".

regards

Chetan

[Former Member]

what customizing settings are required for exchange rate differences?

VS

[Former Member]

pl guide

[Former Member]

Hi,

You may continue with the current exchange rate. Anyway, when you raised PO, you had only made the commitment & not the actual payment. The actual payment will be made after you post the invoice.

Regards,

Prashant Kolhatkar