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author's profile photo Former Member
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Former Member

MIRO cancellation document

Posted on Aug 27, 2008 at 07:32 AM 12 Views

Dear All ,

We have created an import PO with currency USD.

While doing MIRO we wrongly posted the rupee amount as USD .So we had to reverse the document .But in reverse document when I am trying to see account document the value corresponding to Customs provision is getting posted to 2 accounts which are 1)Customs provision and other 2) Cons Raw material import.

I want to know why this account is going to consumption in raw material account.In my view it should directly go to customs Provision .

Regards

Abhijit Das

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  • author's profile photo Pankaj Singh
    Pankaj Singh
    Posted on Aug 27, 2008 at 07:50 AM
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    Hi,

    This is because the GR Document has also been posted and there will not be sufficient stock coverage so it is posting the proportionate value to Inventory A/c.

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    • Former Member Former Member
      Aug 29, 2008 at 07:19 AM

      Hi All,

      I would like to add inputs to this issue . By further analysis I came to know that the account which are fractionally posted i.e. consumption raw material import they are cenvatable like IN CVD , Ecess CVD ,Hecess CVD , additional customs duty ,but the amount which are suppose to go to inventory account i.e ecess and Hecess on BCD are not getting fractionally posted .

      I want clarity on this issue .

      Regards

      Abhijit

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 09, 2014 at 12:08 PM
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    This message was moderated.

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