Documents

Additional Duty Taken 50 Credit

Categories
Published
of 4
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Description
Additional Duty Taken 50 Credit
Transcript
  Generated by Jive on 2014-10-14+02:00 1 Additional duty taken 50% credit  Jyoti Thakur 78 posts since Nov 11, 2010 Additional duty taken 50% credit  Jul 27, 2011 1:36 PMHello, I have one scenario in which local dealer vendor is procuring Import material & vendor is passing all creditabledurtes to us.JMOP - Basic custom dutyJEC1 - Edu CVDJSEP - Heigher CVDJAOP - Additional custom duty we are procuring material as a asset.All CVD condtion should take 50% credit this year & 50% next year which is working OK.now problem si like Additional custom duty should take credit 100% but in J1IEX posting only 50% credit isavailing. How to modify it means J1IEX can post with 100% credit for Additional BCD. RegardsJyoti Mallinath Patil  1,765 posts since Oct 27, 2010  Re: Additional duty taken 50% credit  Jul 27, 2011 2:18 PMHi Joyti,As per the law if you are a manufacturer then you can avail 100% credit of Additional custom duty in thefirst finacial year only....check you configuration did you set all the config setps revelant to import assetprocurement for trasn type CAPE  Jyoti Thakur  78 posts since Nov 11, 2010  Re: Additional duty taken 50% credit  Jul 28, 2011 7:20 AMThanks for your reply, Yes, i know we can take 100% credit but while posting J1IEX it takes only 50% credit for Additional customduty.could not understand what are the changes should do in CAPE  Mallinath Patil  1,765 posts since Oct 27, 2010   Additional duty taken 50% creditGenerated by Jive on 2014-10-14+02:00 2 Re: Additional duty taken 50% credit  Jul 28, 2011 9:52 PMDid you maintained sub-trns type IP fron CAPE in case of Import settings in Tax and goods movement foraccount determination and also check you had ticked immedate credit for capital goods in company codesettings. Jyoti Thakur  78 posts since Nov 11, 2010  Re: Additional duty taken 50% credit  Aug 1, 2011 8:55 AMI have done the settings but still Additional BCD calculate 50% instead of 100% CAPE IP CR Credit ONHOLD CENVAT on hold accountCAPE IP DR Debit ONHOLD CENVAT on hold accountCAPE IP DR Debit RG23AED RG 23 AED accountCAPE IP DR Debit RG23AT1 RG 23 AT1 AccountCAPE IP DR Debit RG23BED RG 23 BED accountCAPE IP DR Debit RG23ECS RG 23 ECS AccountCAPE IP DR Debit RG23SED RG 23 SED account While Posting J1IEX, it should avail credit of 100% not 50% Ajit Kumar  3,409 posts since Mar 12, 2009  Re: Additional duty taken 50% credit  Aug 1, 2011 9:11 AMduring MIGO enter the sub transaction type IP ( assuming the configuration and GL assignments are done ) inexcise tab Re: Additional duty taken 50% credit  Jul 28, 2011 7:28 PMHi, The Additional duty credit can be availed by the subtransaction type IP. In Excise determination (Taxeson goods movements) in SPRO, assign the CAPE Vs IP combinations and also maintain the GL accountdetermination for the same. After the above is done, the additional duty would be calculated with 50% value. RegardsHari  Additional duty taken 50% creditGenerated by Jive on 2014-10-14+02:00 3 Re: Additional duty taken 50% credit  Jul 28, 2011 7:30 PMErr! typing mistake... please read 50% as 100% .. RegardsHari Pankaj Singh  5,770 posts since Sep 18, 2007  Re: Additional duty taken 50% credit  Aug 1, 2011 11:30 AMHi, Check SAPNote 930756 - In MIGO,incorrect Part2 entries for capital goods having ADC Jyoti Thakur  78 posts since Nov 11, 2010  Re: Additional duty taken 50% credit  Jun 11, 2012 8:30 AMHello In Import Dealer asset Procurement scenarion if i used GRPO IP, accounting entreis hit to customs clearingaccount but it should hit to cenvat clearing account. In Import asset Procurement, i am using GRPO IP, account entris hit to customs clearing with ADC 100%. Please provide me solution for dealer Import asset Procurement accounting entries. RegardsJyoti Nabil Sayed  1,012 posts since Jun 2, 2010  Re: Additional duty taken 50% credit  May 16, 2013 2:42 PMHi Jyoti Could let me know steps how u have solve the same requirement . i had done following I have copy the IP and assign G/L which i need, but system is pick customs clearing account but it should hitto cenvat clearing account. i have assign Cenvat clearing account to my new sub transaction type.   Additional duty taken 50% creditGenerated by Jive on 2014-10-14+02:00 4 RegardNabil
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks