Inventory account

[Former Member]

As per discussion we had , We had booked purchased entry all duty amount Inventories,

We required only CVD modvatable & Sp Addl Duty-MODVAT not to be inventories, how to do this.

[BijayKumarBarik · Accepted solution]

Hi,

You can post CVD modvatable & Sp Addl Duty-MODVAT cost to G/L account account.

Create  new condition types for CVD modvatable & Sp Addl Duty-MODVAT in t.code: M/06 and select delivery cost(B)in condition category in control data 1 TAB and select accrual flag in control data 2 and save.

Add thesenew condition types to your Import pricing procedure/calculation schema in t.code:M/08 and
have an account key for each in accrual coulumn.

Now assign G/L accounts for CVD modvatable & Sp Addl Duty-MODVAT with accrual keys in t.code:OBYC.

Regards,

Biju K

[former_member192897]

JCV1, JECV, J1CV & JADC are cenvatable (modvat Setoff) condition types. These condition types will not be added to the inventory cost.

You will have to assign the same in J_1IEXCDEF against your tax procedure except J1CV which is hardcoded in the system.

If you want to have any of the said conditions to inventorize, create a new condition type by copying the above condition types and insert them in the Import pricing procedure and have used.

[brinda_r]

Hi,

If they are standard J conditions like JVC1 and JADC then they will not be inventorised.
Ensure that these conditions are assigned to the corresponding fields in J_1IEXCDEF table.

Regards,
Brinda