Is the Modavatable condition type of Import are loaded on material

[Former Member]

As I know there are seven taxes Basic Customs duty, CVD, Ecess on CVD, Shecess on Cvd, Custom Ecess, Custom Shecesss and Additional custom duty.

Doubts-- Among these seven duties we get the setoff for for duties on CVD. Ecess on CVD, Shecess on CVD and additional custom duty. Are this modavatabe duties are loaded on Inventory? If yes then how? if not loaded on material where is the setting for the condition type so that it should not be loaded on inventory.

Please help me on this point. Hope i will get the solution .

[Former Member]

Hi Rajan,

As per indian taxation system, you can take credit the duty paid to CVD, Ecess on CVD and SH Ecess and Add. Cutom Duty. Means these are not loaded to material but will get entry in to Cenvat Registers as credit and off-setting to Cenvat Clearing a/c.

Basic Customs duty, Total Custom Ecess are not allowed to take credit so, they need to loaded on to material.

To make the system understand this, we give default condition types in Custom defaults in IMG ( As sairam said in his reply). By this setting system decides which all the condition types are loaded / not loaded to material. But loading of CVD and other credit dutyies material does not sounds logical, so please check your scenorio

Modvat Clearing account you will give it in Comapny code settings for excise.

Thanks,

Krishna Reddy

[Former Member]

Hi

The conditions other than CVD, ECS on CVD, SHEces and ADC are not loaded on material.

To get set of these condtions, you need to maintain the respective condition types in the table J_1IEXCDEF at IMG--> Logistics general > Tax on Goods Movements> India > Basic Settings>Determination of Excise Duty-->Maintain Excise Defaults.

regards

sairam

[Former Member]

If you maintain master data of material, plant, chapter ID combination in J1ID as non-cenvatable, then all the duties will be loaded on material.

Hemant