can we maintain Letter of credit in sap
Can we maintain LC in sap ? If so Please tell how to maintain.
Link below may be of use to you.
You can map the Import cycle in SAP. The standard business practices in SAP are
1. Create the Import pricing procedure with all necessary import conditions like customs duty, CVD, Landing cost, handling charges, Freight charges etc. Assign it to the schema group & inturn to Pur. organisation.
2.Create the import vendor master record.Assign the import schema group to this vendor. So that while creating import PO for this venor, the system will determine the import conditions.
3.Create the Import Po with Zero tax code & also with req Payment terms.
4.Enter the Customs vendor against the Customs & CVD conditions. Also maintain Freight vendor against freight conditions in the PO itself.
5.Do the MIRO for Customs vendor. Enter manually all the details in MIRO take the ref as a Bill of entry,
5.Do the MIGO for PO, Capture the excise & post the doc. As per Indian Govt Excise rule, you can take the credit of CVD as Excise.
6.Post the Excise doc.
7.Do the MIRO for material vendor.
8.Clear the Payment.
Thanks & Regards,