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Former Member
Jan 07, 2009 at 12:08 PM

Procurement Of Imported Material From Trader

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hi,

i am purchasing one imported material from a trader,in this case excise treatment is different

*MATERIAL QUANTITY RATE/UNIT RATE OF DUTY/UNIT EX-DUTY&CESS* AMOUNT

Duty%

KP 238 280 8% bed 16.442 3913.19 66640

2% ecs 79.25

1% hecs 39.50

4 % adc 8.9 2130.57

total 6162.51(bedecshecs)

now in this scenario bed and adc r charged on qty basis(duty/unit),now at the time of pur.order vendor gives u the rate of mat including excise and tax.,i am using taxinn procedure ,system calculate excise on po value that is on 66640 due to which at the time of invoice verification vendor accounts get credit by

(po valueexcise) also i.e (666406162.57) but as vendor gives mi the rate of mat including excise so its account should not be hit more than 66640. 66640 amount include excise taxbase value.

at the time of po vendor cannot give mi base value price.