MIRO - DUTY and Handling Charges

[Former Member]

Hi there,

I have to do an invoice receipt against an import PO.

I have duties and handling changes which were not originally mentioned in the PO.

GR is done

How do i account for this information (duty and handling charges) in the Invoice Receipt MIRO transaction?

This information needs to be captured in the respective accrual accounts.

If my PO is for 100 USD, my invoice total amount would be 100 which will result in the following accounting entries

DR - GR/IR = 100

CR - Vendor = - 100

I should also have the following entries,

CR Duty Accrual - 20 USD

CR Handling Charge Accrual - 30 USD

How do i handle this scenario?

Thanks

Bala

[Former Member]

Either you have to reverse the invoice than GR and update the PO for this charges or make the direct entry to the G/L account for those accrual conditions

[Former Member]

Hi,

U can do either of the things:

1. Reverse the GR & post it again after change in PO's

2. If u have G/L posting allowed in MIRO, u can directly post in those G/L's.

3. If direct G/L posting is not allowed, u can post the same in unplanned cost..& then FI can post a JV to respective G/L.

The first option would be better.

Regards,

Sourabh

[Former Member]

Are there any standard Conditions for DUTY and HANDLING CHARGES in the pricing procedure?

If not i will have to create conditions and adopt them in my pricing procedure.

If i do that, will it take care of my accruals at the time of MIRO automatically if i set the acctKey for the accruals based on the G/L accounts.

Thanks in advance,

[Former Member]

Hi,

If the question is pertaining to import duties in India use the following:

JCV1-IN CVD

JECV-Edu Cess on CVD

J1CV-Sec ECess On CVD

JCDB-Basic customs Duty

JEDB-ECess Basic Customs

JSDB-Sec ECess on BCD

JCDS-IN Special customs

JADC-Additional Duty

These all import conditions are delivery cost in nature and need to have accural key.

Only the planned conditions means that are part of PO get settled in GR and LIV, rest becomes the unplanned in nature.

Delivery cost conditions cannot entered once the PO is created.

Regards

Rajesh