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Former Member

Import PO

Dear all

In case of Import PO,

basic pricepackingfobfrieghtinsurance=CIF VALUE


We take custom duty on assessible value

Can any one give meaning with simple example about


and the follwing

Terminal Hldg Charges

D/o Charges

FOB charges

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1 Answer

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    Former Member
    Sep 25, 2008 at 07:06 AM


    In case of Import, always CIF Price get loaded on the Inventory. (CIF = Cost of Material - Discount + Insurance + Freight)

    Discount if applicable. Generally we create a condition type as CIF Base Price that includes the above value. (Never create separate condition types for Cost, Insurance & Freight)

    And Assessable Value = CIF Price + Landing Charges (This is not posted to FI, this is only for calculation purpose)

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