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Former Member
Jul 27, 2008 at 01:15 PM

Excise on Import Purchase


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