Import for Trading Materials New Scenario
My client have a scenario that, they want to make import for a trading materials,(Pricing control is Standard Price) The customs duties like CVD, ECess & Addnl Duty will be Non Modvat. Since it is a Non modvat it will add to the Material cost in actual process. But for my client it should not add to the Material cost and Exchange rate in PO Header level it should not fixed while making PO and posting GR, since exchange diff. rate will add to another account because of STD price.
Please let me know the solution for this scenrio if anybody experienced.
In case of Trading goods getting imported you cannot take the CENVAT credit. The custom duties CVD, Ecess, HCess will get loaded to the material cost. A trader can pass ADC (add duty of customs) to the buyer.
Is this a real scenario or you are simulating a test case?
You have not specified where your client want to post the amount of customs duties. is he going to take cenvat credit ?
as per excise laws he cannot.
if you want like this what you have mentioned, then proceed in the same way as you are doing for other imported material. like maintain J1ID maintenance, etc.
to my best of understanding in Indian scenario no industry can do like this.