Import PO in INR

Question

Hi gyes
M/s xyz is supplying the items from USA to the Local Dealer in India
We want to place On the local dealer
The items are imorted items which will be delivered on High Seas Sale basis.to the Local Vendor
we Shall be paying all The Customs duty,etc. on INR bASIS
How to accomodate this
as the vendor schema grp is diffrent for import & local vendor
how to make the po for this kind of scnerio

Answer 1

Hi Sameer,
  This is looking like a normal import procedure. So you can follow this.
1. First you create Import PO and input all the Import duties in PO in ME21N. Here specify Import Duties in PO and assign the Customs Vendor to all these condition types./
2.Then you do LIV for Customs Office in MIRO (Here you enter all the Import duties as per Bill of Entry) and following A/c entry get generated;
Customs Office A/c - Cr (Vendor Recon A/c)
Customs Duty Clearing A/c - Dr (OBYC - ZCC)
CVD Clearing A/c - Dr (OBYC - ZCV)
3. Then Capture Bill of Entry in J1IEX.
4. Then you do GR w.r.t. Import PO (MIGO), Accounting Entry will come as following;
Stock A/c - Dr (OBYC - BSX)
GR/IR Clearing A/c - Cr (OBYC - WRX)
Customs Clearing A/c - Cr (OBYC - ZCC)
5. Post Bill of Entry in J1IEX, and Accounting Entry will come as following;
CENVAT Receivable A/c (BED, ECS, SECess and ADC) - Dr (From Account Detmn of GRPO with Sub Trans Type - IP)
CVD Clearing A/c - Cr (From Compnay Code Settings of Excise)
6. MIRO - For Import Vendor
Import Vendor - Cr (Recon A/c)
GR/IR Clearing A/c - Dr (WRX)
7. MIRO - For Clearing Agent
Out of following conditions;
JCDB IN:Basic Custom Duty
JCV1 IN : CVD
JECV IN : Ed Cess on CVD
J1CV IN : H&SECess on CVD
JEDB IN : Ed Cess on BCD
JSDB IN : H&SECess on BCD
JADC Addnl Duty of Custom
JCDB, JEDB, JSDB will get loaded to Stock and JCV1, JECV, J1CV and JADC will get posted to CENVAT Receivable A/c
In M/08, assign A/c Key ZCC to JCDB, JEDB, JSDB conditions and Customs Clearing A/c in OBYC and A/c Key ZCV to JCV1, JECV, J1CV and JADC conditions and CVD Clearing in OBYC.
Note: - Here you don't have to use Tax Procedure Accounting (OB40) in case of Imports. Only maintain a Zero % Tax Code in Import PO.
Regards,
Prasath