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Compensatory Interest determination in Customs document

Hi Experts,

I have some questions in Customs Management-> Compensatory interest

1) I have defined a Duty type for compensatory interest in the Customs duty framework. Not assigned any cost components for this Duty type.

Control settings for this new duty type is as follows

Value type : Value not Shown Separately

Amount rule: Full Amount in customs currency.

What is the significance of the field Value type in the Duty structure. What will the system do if it is setup as "Value not shown separately".

2) How is this Compensatory interest calculated.

I have setup the Compensatory interest rates in "Maintain compensatory Int.".

When i released the IPR Components to free circulation via Domestic issue. I don't see, Compensatory interest determined in the document. But, in some cases it works.

I would like to know, what would be the basis for calculation of compensatory interest.

Is the value of goods considered for compensatory interest? or something else.

3) I got to know that compensatory interest is calculated only if the value of customs dec. is more than 20 EUR. How do we identfy the value of customs dec. Is it the Value of goods or Value of goods+Duty values etc..

And please help me if i have missed something in the setup for compensatory interest.

Thanks in advance

Dhilipan

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1 Answer

  • Best Answer
    Mar 02, 2013 at 04:11 PM

    Hi Dhilipan,

    1. You don't need to set up anything for the calculation of compensatory interest.  The additional duty type 'I001' is added automatically by the standard program.

    2. Compensatory Interest is calculated when the Processing Period has expired.  The amount depends on the time between the expiry and the diversion to free-circulation.

    3. The interest is calculated on the Customs Duties payable on the Import to free-circulation.

    Regards,
    Dave

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    • Hi Dhilipan,

      That's strange.  From the code, I can't see why it should behave like that.  The only requirement is that Duty Type I001 must exist in the Duty Types (definition) table.

      If you want to debug for more investigation, set a break-point in Function Module /SAPSLL/LEG_TLC_CALC_INTEREST, and see what happens there, with and without the entry in your calculation schema.

      And of course, let us know if you discover anything interesting!

      Regards,

      Dave