how to load custom duty on inventory

nrapendra

hi all.

at the time of import purchase we have to pay custom duty
as soon as the material arrives on port.
we have to make bank payment for this to a vendor named 'custom duty on port'.

after some days we we post invoice then we want to load that custom duty on that invoice so that the
cost of item purrchase=cost of itm+custom duty paid.

pls help us how to load this custom duty on inventory value.

ara3n

Use Charge items. Create new Invoice and at assignment do function get Receipt and apply the cost to the receipts.

ssingla

Indian localization includes the feature of structures. If the value of custom duty is known at the time of invoice and it is not recoverable by way of excise credit then the same can be defined as charges and loaded on inventory.
If the custom duty is recioverable then the new hot fix includes the feature. you can define the custom duty rate and post accordingly.