on 04-15-2013 5:03 PM
Hi Folks
As per our current requirements, we DO NOT want to inventorize following duties to the cost of materials. As these 2 are cenvatable ad will be passed on to the customer, we want amounts for these 2 conditions debited to GL account we created.
We have done following setup
1) Conditio Type JCV1 and JADC are defined as ACcruals on control data 2 in M/06.
2) On Import pricing procedure, these 2 conditions assigned to
27 | 0 | JCV1 | IN: CVD | 22 | CVD | FR3 | ||||||
28 | 0 | JADC | IN: Add Custom Duty | 22 | CVD | FR3 |
in OBYC we have assigned GL accounts where these duties should be debited to,
when I do GR for PO, these duties are inventoried instead of debit to account 24003 that is assigned to key "CVD"
How can we achieve this. What Am I missing??
Thanks
Hi,
Without doing anything, whatever you are trying to achieve is standard system behaviour. Some one might have changed the settings in either J1ID or account key config is changed.
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Hi Shailesh
We are importing goods from our affiliates in Depot and using JIMPOR pricing procedure. Based on our business requirements the duties CVD-IN: CVD (Condition type JCV1) and ADC-IN: Add Custom Duty (Condition type JADC) can be availed for credit.
Here is what we want to do.
At the time of MIRO for customs duties, We want following GL postings to happen
A/c code | Description | Nature | ||
Dr | 219440 | GR/IR LIABILITY | CUSTOM DUTY (BASIC) | Cost to add to inventory |
Dr | 219425 | GR/IR CUSTOM CHGS - FIN GOODS | CUSTOM DUTY (CVD) | Accumulate in B/S account to pass on to custmer |
Dr | 219427 | GR/IR CUSTOM SAD - FIN GOODS | CUSTOM DUTY (SAD) | Accumulate in B/S account to pass on to custmer |
Cr | 1733 | Bank | TOTAL CUSTOM DUTY PAID THROUGH BANK | Amount paid to Clearing agent bank to be paid to the Government |
At the time of MIGO- Goods receipt
At the time of preparation of GR | ||||
A/c code | Description | Nature | ||
DR | 53000 | FINISHED GOODS INVENTORY | BASIC COST OF MATERIAL | Basic Cost of goods imported |
DR | 53000 | FINISHED GOODS INVENTORY | FREIGHT, INSURANCE & OTHER COST BY AFFILIATE | Cost added to inventory |
DR | 53000 | FINISHED GOODS INVENTORY | CUSTOM DUTY (BASIC) | Cost added to inventory |
DR | 24003 | CVD ON INVENTORY | CUSTOM DUTY (CVD) | Accumulation of CVD to pass on to customer |
DR | 24004 | SAD ON INVENTORY | CUSTOM DUTY (SAD) | Accumulation of SAD to pass on to customer |
DR | 53000 | FINISHED GOODS INVENTORY | FREIGHT AND CLEARING ON IMPORT | Clearing Cost added to inventory |
CR | 219440 | GR/IR LIABILITY | BASIC COST OF MATERIAL | Payable to Affiliate vendor |
CR | 219440 | GR/IR LIABILITY | FREIGHT, INSURANCE & OTHER COST BY AFFILIATE | Payable to Affiliate vendor |
CR | 219440 | GR/IR LIABILITY | CUSTOM DUTY (BASIC) | Sqares of the clearing account and cost added to inventory |
CR | 219425 | GR/IR CUSTOM CHGS - FIN GOODS | CUSTOM DUTY (CVD) | Sqares of the clearing account and moved to accumulating account |
CR | 219427 | GR/IR CUSTOM SAD - FIN GOODS | CUSTOM DUTY (SAD) | Sqares of the clearing account and moved to accumulating account |
CR | 219420 | GR/IR FREIGHT | FREIGHT AND CLEARING ON IMPORT | Accrual for Import clearing and forwarding |
The entries hilighted in BOLD Debits to 24003 and 24004 and credit to GR/IR 219425 & 219427 are not happening.
Is this even possible in SAP? Please let me know.
Hi,
In standard system, CVD and ADC duties are not inventoried. Check whether you have defined JCV1 and JADC condition types for TAXINN in excise defaults by the following configuration path,
SPRO - Logistics General - Tax on Goods Movements - India - Basic Settings - Determination of Excise Duty - Maintain Excise Defaults
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Hi Shailesh
Yes it is configure the way you have indicated above.But still these duties are debited to Inventory account. We want them to be debited a specific G/L account created for them when Goods receipt is done.
Currently when MIRO is performed for planned delivery cost, Carrier account is credited for the amount and GR/IR accounts for JAC1 and ADC, and basic excise are debited at this time.
When GR is performed, we want Inventory account debited, GR/IR for JACV1 and JADC are credited and GL accounts for these 2 duties must be deibted.
I created an accruel key and updated it on pricing procedure and then updated GL accounts in OBYC config.
Hi,
Is it imports to a plant or a depot?
CVD values will not be inventorised when importing to a plant. Only custom duty will be.
Regards,
Brinda
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