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Map customs duty cost to material inventory cost

Apr 04 at 02:20 PM

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Hello Experts,

One of our customers would like to map customs duty cost to material inventory cost in case of import scenario. (India GST transaction). Can someone help here to understand the procedure to map the costs?

Best Regards,
Arun

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Best Answer
Abdul Mannan Apr 04 at 02:23 PM
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Hi,

You need to use landed cost form to add customs or extra amount to inventory value. To use landed cost define landed cost with GL in landed cost setup and then go to landed cost in purchase select customs vendor in broke or keep it blank and copy from GRPO then on cost tab add value of customs.

Then go to AP Invoice service level and select same vendor you selected in landed cost and copy from landed cost to book payable to that vendor.

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