CVD IMPORT urgent

Question

hi
I amfacing problem in import purchase
CVD value is Imposing on material value (i.e it in non
cenvatable & is should be cenvatable it should not added to
material value because we take CENVAT credit for CVD
amount )
entries are like this
Creation of New Condition type for the Cenvatable CVD(Countervailing Duty)
Currently the Non-Cenvatable CVD, Condition type is existing
This CVD is adding to the stock Value.
1. When the CVD is paid, the Journal entry is
Custom Clearing A/c Dr Rs. 100
CVD A/c Dr Rs. 50
To Bank A/c Cr Rs. 150
2. When GR is done
Stock A/c Dr Rs. 1150
To GR/IR Clrg Rs.1000
To Custom Clrg Rs. 100
To CVD Rs. 50
3. Stocks are Consumed :
Stores & Spares Consumed A/c Dr Rs. 1150
To Stock A/c Cr Rs. 1150
*please suggest me it urgent

Answer 1

Hi,
After po...Do miro as u need to pay the customs duty to the customs vendor..then do migo ..while doing migo it asks for commerciel inv number ...give the invoice number ...then after doing migo ..do miro as u need to pay for the import vendor..