Duties in Import Process

[Former Member]

Dear Guru's,

I had following doubts abt import duties so please help me.

1) How we take care of CVD and other duties in case of import process, how we can define the GL account for the duties in case of import

2) How we can take care of additional CVD

2) at our place for same material sometimes CVD get inventorised sometimes modvatable though it is always modvatable....how can we control this.

we had defined in Excise defaults all the CVD conditions for TAXINN procedure still above problem is there due to which moving average price is shooting up very rapidly.

regards,

Umesh

[Former Member]

Dear Vivek,

Thanks for reply.

Is inventorising the value depend on maintaining the condition in Excise defauls or some other place also we have to define?

Can we mention in import pricing procedure?

similarly please provide some information on accruals/account keys?

and as additional duty is also modvatable how we can configure this?

Please reply.

Regards

Umesh Agrawal

[Former Member]

Hi Umesh

<b>Is inventorising the value depend on maintaining the condition in Excise defauls or some other place also we have to define?</b>

To inventorise a condition if its domestic purchase then depends upon the condition type for this you check the accrual key against that condition type then in t code OBCN.There basically accrual key are defined if you double click on that if non dedcutible check box is selected only then value against that condition type is inventorised.

In Import procedure whatever you assign condition type against excise defaults only against that you can get credit availed if its not then that will go to inventory.

<b>Accrual Key /Account Key</b>

Account key is used only in case of purchase account management is active that is valid only in countries like Spain Balgium etc in india also used at some places. Main thing accrual key against this key whatever you assign GL code in OBYC amount will go in this GL.

<b>Additional Duty</b>

Yup its modvatable To make this modvatable you need to maintain condition type in Excise Default.

I hope this would be a great help for you

Regards

Vivek

-- Reward for the Effort !!

[Former Member]

Hi Umesh,

<b>1) How we take care of CVD and other duties in case of import process, how we can define the GL account for the duties in case of import</b>

CVD is Counter Duty which you can avail if you are using that material in manufacturing process. GL codes are defined in accrual key in OBYC t code. To get claim for CVD condition type which you are using for CVD must be defined in excise defaults.

2. <b>2) at our place for same material sometimes CVD get inventorised sometimes modvatable though it is always modvatable....how can we control this.</b>

For this you define additional condition type for CVD for which duty is inventorised for this you maintain account key and accrual key for overhead charges generally used for delivery costs condition like frieght. So at the time of raising PO mention this condition to inventorise CVD value. still if you do not want to mention extra condition in PO then at the time of doing MIRO (Invoice verification Goods receipt) enter that supposed inventorised value of CVD in unplanned delivery cost.

Hope this would be helpful for you

Regards

Vivek

-- Reward if helpful.