MRP Indicator check box in MIGO

Dear All,
While capturing Excise Invoice during Goods Receipt (T.Code: MIGO), in Excise Invoice tab of MIGO screen- there is a button for " More Data". After clicking that button and in the 'Miscellaneous' tab , there is a MRP Indicator check box.
Please let me know when we need to flag MRP Indicator check box.My doubt is in which scenario, we need to flag that check box.
Regards,
Phani

Dear Piyush,
Tnx for ur solution.
Scenario-1: MIGO done & MIRO not done:
MRP indicator flagged:
In this case, the value of the material will be the Basic material price minus the Excise duty amount. ( For eg: material base value =Rs. 1000;  BED= Rs. 160, E. cess=32 & SHE cess= 16). The total valuated stock will be Rs.792.
MRP indicator NOT flagged:
In this case, the value of the material will be the Basic material price.( For eg: material base value =Rs. 1000;  BED= Rs. 160, E. cess=32 & SHE cess= 16). The total valuated stock will be Rs.1000.
Scenario-2: MIGO done & MIRO  done:
MRP indicator flagged:
In this case, the value of the material will be the Basic material price. ( For eg: material base value =Rs. 1000;  BED= Rs. 160, E. cess=32 & SHE cess= 16). The total valuated stock will be Rs.1000. (the ED amount of (1603216) will be debited to material value while doing MIRO poting.
MRP indicator NOT flagged:
In this case, the value of the material will be the Basic material price.( For eg: material base value =Rs. 1000;  BED= Rs. 160, E. cess=32 & SHE cess= 16). The total valuated stock will be Rs.1000.(Rs. 1000/- debited to material account while doing MIGO itself) .
Concludingly, I want to know in what scenario we will flag the MRP Indicator. Please note that I am aware of the trading scenario also.
Regards,
Phani

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