Error creating a material in MM01

Dear,
While creating a material in MM01 the following error is appearing
"The Value 770190.60 is not allowed for the field control code".
MM01 -- Mat. No, Ind. Type, Finished Product, ENTER.
Selecting Views - BASIS DATA 1, BASIS DATA 2, & SALES : General / Plant Data, ENTER.
Entering PLANT, SALES ORG. & Dist. Channel, ENTER.
This Shows a message
" Material Already exists & will be extended".
Enter.
Save.
Then this error message is appearing
"The Value 770190.60 is not allowed for the field control code".
What will be the cause & solution of this error.
This no. is seen in the error message only & we are not entering this value in MM01.
When i am looking at the Chapter ID (2nd option) through J1ID then this value can be seen.
But when i am at MM01 - Foreign Trade : Export Data - I find nothing mentioned in it.
The material is already created in Location 1 & now we are creating this material again in Location 2 in same plant.
The error message number is MG-142.
We are not copying material from 1 Plant to another but from 1 Loc to 2nd Loc.
Its not a new material but is already exists
say in Plant 5000 & Loc. RP01 & now we are creating it again in Plant 5000 & Loc SP01 & here we are receiving this error of Value xyz which can be seen in J1ID.
Thanks.

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