Import duty process

Hi Experts,
I have come across this following scenario.
Purchase value of PVC rasin = $986
2. $1 =46.50 INR
3. Total calculated value in INR=986*46.50= 45849INR
4. Assessable value=45849*101%=46307.49
5. Total Custom duty=Assessable value 5%=46307.495%=2315.37 INR
6. Totalpurchase value of the item after calculating the 5% custom duty on Assessable value= Calculated value (Step 3) in INR5% custom duty=458492315.37=48164.37
7. CVD calculation
     (Assessable value (step4)+ Total Custom duty (step5)) * 10%
     (46307.49 + 2315.37) = 48622.86
     48622.86 * 10% = 4862.29
8.Total purchase valuewith CVD = purchase value with custom duty (step 6) + CVD value (step7) = 48164.37 + 4862.29 = 53026.66
9. Cess Calculation
     3% cess on CVD (Step 7)=4862.29*3%=145.87
10. Totalpurchase value after adding 3% cess=Total purchase value withCVD (step 8) + 3% cess=53026.66+145.87 =53172.53
11. Additional 3% Cess on CVD
     (Total Custom Duty (step 5)+ CVD (step7) +3% cess on CVD (step9))* 3%
     (2315.37 + 4862.29 + 145.87) * 3% = 219.71
12. Total purchase value with additional New CVD = (Total purchase valueafter adding 3%cess (step10) + additional 3% cess on CVD (step11)) = 53172.53+219.71=53392.24
13. Additional Import Duty
     (Assessable value (step4) +
Total custom duty (step5) +
CVD calculation (step7) +
3%cess on CVD (step9) +
Additional3%cessonCVD (step11))4%=(46307.492315.374862.29145.87219.71)4%=2154.03
14. Total purchase value after adding import Duty= (Total purchase value after adding additional new CVD (step12) + Additional import duty) = 53392.24+2154.03=55546.26
Please guide how to proceed.
Thanks in Advance

Dear Rupa, following three things can be used for any additional values with the base purchase amount. And what to use when, depends as per your client's business process , I'm writing the same as well -
1. Tax (this can be simple or complex tax codes in line items) -> this is used when the vendor's hard-copy / document contains the corresponding taxes and can be entered at the time entering the document in to your client's SAP B1.
2. Freight -> This is used for any other additional costs besides the tax. And this can be entered if the additional cost is know at the time of the document entry and the concerned document from the vendor contains the same.
3. Landed Cost -> This is used for any other additional costs, and these costs are not known at the time of document entry or the respective costs can't be shown into the concerned purchase document.
Hence best of luck for a perfect settings around this ... and if need more help of tax setup then you may refer to the following videos -
[Step 1. TaxCode Setup Steps in SAP B1 in Hindi|http://www.youtube.com/watch?v=S4P4x_6sAc0]
[Step 2: SAP B1- Simple tax formula creation tips in Hindi |http://www.youtube.com/watch?v=_OQIvSYz1xE]
[Step 3: SAP B1 Complex Tax Code creation tips in Hindi |http://www.youtube.com/watch?v=IowZK4CnFVg]

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