We import the material "Toy 1 " some times by paying Customs Duty, CVD, etc.. and some times against advance licence.
The purchase order is common for both the types of scenario i.e with customs duty payment or against advance license
While the transaction is against customs duty we face no problem. When the import is by using advance license, we face the following issue - Which I have highlighted using example :
Since we had cleared the goods against advance license there would be no BCD entry at the time of GRN, due to this there are a huge negative balance in custom clearing account & also impacting to P&L due to debit impact of entry.
Screen shot :- Custom MIRO
Screen shot :-GRN
Please help us by understanding the solution. Since our company is really large and work on very segregated model of business where the process of making PO's are kind of restricted due to business requirements, we are unable to really split the PO into 2.
Await answer. In case the query is not clear, please do revert so that we can better explain the problem.