Hi All,
I have the issue(confusion) reagrding Import cycle -
Scenario is like this.
PO value (material price) = 10USD X 10EA =100 USD (say exchange rate as 1USD=5 INR)
Customs duty non setoff = 50 INR
Customs Duty setoff = 50INR
NOW following are the accounting Entries:
AT MIRO for Customs-
Customs vendor Cr 100 INR
CVD clr Dr 50 INR
Customs Clr Dr 50 INR
AT GR -
Material account 500
GR/IR account 450 INR (here is the problem 50 INR less)
Customes Clr 50 INR
AT MIRO for import vendor
Vendor 500 Cr
GR/IR 450 INR Cr.
Material account 50 INR Cr.
Why system is behaving like this
regards,
sujit