Hi
We are manufacturing company. We are elligible to take credit for any purchases we make for our excisable plant.
We have to raise purchase order for one of the vendor who is a trader (example Vendor A).
Vendor A will pass on the excise credit by transferring excise invoice which he got from his manufacturer.
Practically we do not know how much will be the excise credit. Contract is a follows:
10000 Kg of Coal @ Rs. 50 per kg. Excise credit will be paid on actuals (i.e. amount of excise credit that Vendor A is passing).
Since i do not know excise credit amount at the time of PO, how will i create PO and how excise entries will be posted if excise amount is not mentioned in PO.
Please help