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Former Member
Jul 27, 2008 at 01:15 PM

Excise on Import Purchase

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Hi Guru's,

Our client want to make import purchase on which excise is to be paid to local clearing agent along with other expenses like insurance, transportation & reimbursement and the pure material cost is to be paid to Foreign Vendor.

E.G. -

Foreign Vendor (Material) - XYZ Ltd

Local Vendor (Clearing Agent) - JKL Ltd

a) Item - ABC is costing USD 1000 for 10 units. (USD 1000 x Rs.43)

b) Excise duty on ABC - Rs.3000

c) Clearing Charges(Total) - Rs. 12000, need to be inventorised

Total cost = Rs.58000

1) Rs.43000 (Paid to XYZ)

2) Rs.3000 (Excise on ABC paid to JKL)

3) Rs.12000 ( Clearing charges paid to JKL, but need to be loaded on inventory)

So please help me in accounting this issue in SAP B1 2005B PL32

Regards,

Abhishek