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author's profile photo Former Member
Former Member

Inventorisation of customs duty

hi,

We are importing the goods and storing under bonded warehouse. For this process we are doing GRN for bonded ware house and invoice verification to vendor payment. There is no customs and CVD involved in this transaction.

We need to transfer the material from Bonded ware house to manufacturing plant. In this case we need to pay the customs amount as well as CVD amount to the commissonarate. Then we want to capture the CVD amount. Custom duty amount to be inventorised in this process.

Pls suggest the proceedure and steps we need to follow the above scenario.

best regards,

govind

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    author's profile photo Former Member
    Former Member
    Posted on Jun 19, 2008 at 10:33 AM

    Hi

    You can performa subsequent debit on the previous invoiced items.

    In MIRO Select the Transaction as subsequent debit & post the Cost.

    Thanks & Regards

    Kishore

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