How to knock off CVD clearing account?

[Former Member]

The Miro for custom vendor will debit CVD clearing accout.

And exicise invoice will credit CVD clearing accout and debit RG a/c,but the vendor is suppier.

Due to This Issue Our GRIR reports (GL also) of custom vendor Shows excess Debit Balance.

Can anyone help me on this?

[former_member187989]

Check note 952287 solution no.2 may resolve issue ?

[ajitkumar]

1, if the vendor who supply imported material is a local vendor, you need not resort to import schema.

you can have a taxcode with VAT /CST . while doing MIGO. in excise, click on more data button

in misc tab check mark MRP Indicator

in the excise item tab, base value will be po price and taxes zero. enter the taxes and base value such that the sum of all these become the PO price.

i dont think it make a difference whether the vendor is supplier or manufacturer if you yourself are importing the material

[Former Member]

The vendor who supply imported material is not a local vendor,

[ajitkumar]

who is doing the import? are you paying the customs charges directly to the customs or is it cleared by vendor and you pay the vendor?

[Former Member]

UP..

Edited by: Robin gong9 on Mar 8, 2011 9:53 AM

Edited by: Robin gong9 on Mar 9, 2011 2:51 AM