on 11-04-2008 11:44 AM
Hi Gurus
When ever any PO created for domestic purchase , system take commitment value for particular WBS/Project as per landed cost value / Inventoried value from purchase order (i.e. net of cenvatable excise value). This is ok .The same process should happen in case of import PO i.e Commitment value should be inventoried value ( net of CVD + CVD Cess + CVD SEcess). At present system is taking total value for commitment (i.e. including modvat amount) hence commitment figures shown are wrong. The commitment figures should appear as per inventoried value only.
Regards
Hemant
Hi experts,
I am also facing the same issue for imported items, countervailing duty which is modvatable should be
excluded from project cost whereas the same thing is happening for indigenous items
in respect of excise duty.
Regards
Nitin
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Excise values are coming in PO or not?
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