Import PO

[Former Member]

Dear all

In case of Import PO,

basic pricepackingfobfrieghtinsurance=CIF VALUE

CIF+LANDING CHARGES=ASSESSIBLE VALUE

We take custom duty on assessible value

Can any one give meaning with simple example about

CIF VALUE,ASSESSIBLE VALUE

and the follwing

Terminal Hldg Charges

D/o Charges

FOB charges

[pankaj_singh9 · Accepted solution]

Hi,

In case of Import, always CIF Price get loaded on the Inventory. (CIF = Cost of Material - Discount + Insurance + Freight)

Discount if applicable. Generally we create a condition type as CIF Base Price that includes the above value. (Never create separate condition types for Cost, Insurance & Freight)

And Assessable Value = CIF Price + Landing Charges (This is not posted to FI, this is only for calculation purpose)