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Funds Management : Budget Commitment for Import Purchase Order

Nov 01, 2016 at 04:22 PM

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Dear Sir,

We are using Funds-Management . During Import Purchase Order preparation , We have following pricing conditions mentioned :

Basic Price ---> USD 300

Freight ---> USD 50

CVD ----> USD 10

During PO saving , Funds Commitment is for USD 360 . But in actual it should have been USD 350 , because CVD (Conter Veiling Duty) is CENVATABLE so there is setoff available against USD 10 .

Being import PO , the tax-code used is V0 .

I request members to kindly guide us to address the reported issue .

With Regards

B Mittal

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