Import process

[Former Member]

Hi Experts,

I am new to CIN. The existing process of my client in aspects of Import purchase are as follows:

1. Purchase order against import vendor

2. MIRO raised against Commissioner of Customs - Payment of Import duties.

3. MIGO

4. MIRO against the import vendor.

Now my client like to come up with a bonded warehouse plant by which they get an option to keep the material at the warehouse for 90 days without paying the customs duties.

After completion of 90 days, they would pay the duties & move the stock to factory plant.

In that case the business process flow would be,

1. PO against import vendor - Bonded warehouse plant

2. MIGO - Only Stock a/c and GR/IR are to be accounted, no accounting of CVD & customs clearing should be happened. (Storage location - RM Non duty paid)

3. MIRO against Import vendor - Only vendor a/c & GR/IR are to be accounted.

After the completion of 90 days,

4. MIRO against Commissioner of Customs - CVD & Customs clearing should be accounted here. Duty cost should be added to Inventory.

5. Transfer from one storage location (Non duty paid) to another storage location (Duty paid). Cenvat credit has to be availed in this process.

Please help me out on where to start, and the steps ? Thanking you in advance.

Regards,

Vijay N

[vivek_srivastava12]

Dear,

You can follow the below process:

1. Create PO without GR Based

2. Do MIRO for Import Vendor

3. Do MIGO, system will give pop up for Commercial Inv do not enter any thing here press ener

4. Post MIRO for Customs fee, CVD etc

5. Do Stock Transfer from one Storage Location to another through MB1B

6. Capture Excise Details through J1IEX..

Hope this helps!!

Br,Vivek

[Former Member]

Dear Mr. Vivek,

Thank you for your instructions.

Have tried the set of things which you advised, while posting MIGO, Customs & CVD clearing are also being accounted along with Stock a/c and IR/GR a/c.

As per my requirement, no customs & CVD should be accounted while processing MIGO. My storage location at MIGO is Unpaid duty.

After the completion of 90 days, Customs MIRO will be processed in which, all duties would be accounted and paid. And after Customs MIRO, stock will be transferred from Unpaid duty storage location to Paid duty storage location. All duties should be trespassed only at the time of transferring to the Paid duty storage location.

You have advised to process Vendor MIRO first and MIGO after. I am afraid that my client won't accept this flow, as they would receive the stock first and invoice them after then.

Awaiting for your valuable advise. Thanking you in advance.

Regards,

Vijay N