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Excise not required to add in Vendor Liability in Purchase

paul_navisionpaul_navision Member Posts: 64
Hi All,

My client using Nav 4.0 IN. At the time of purchase they want to consider excise duty but don't want to add in vendor liability during posting of purchase invoice. Is it posible in Navision.


Regards

Paul

Regards

Paul
Dynamics Nav Functional Consultant

Comments

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    ssinglassingla Member Posts: 2,973
    Is this the case of purchase from a trader who is passing the excise credit?
    CA Sandeep Singla
    http://ssdynamics.co.in
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    paul_navisionpaul_navision Member Posts: 64
    Hi SSingla,

    Thanks for reply. It's an import purchase operation. Our client only paying the basic value to vendor but also calculating excise and CVD against the invoice and paid to the government.


    Thanks & Regards
    Paul

    Regards

    Paul
    Dynamics Nav Functional Consultant
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    ssinglassingla Member Posts: 2,973
    Document "25581_ADC VAT Calculation _Feature Instruction Guide" available in HF6 of NAV 4.0 SP3 will certainly help you. Here you can define "custom house" vendor and book any additional custom duty.
    CA Sandeep Singla
    http://ssdynamics.co.in
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    paul_navisionpaul_navision Member Posts: 64
    Dear Mr. SSingla,

    Thanks for your reply.

    Basically my client database have Nav 4.0 SP3 version but without HF1 hotfixes. Means there is no hotfixes loaded. An I can't load the hotfixes now also.

    In the structure there is no CVD option, that's why. So can't use Nav 4.0 Sp3 default features. As per the below mentioned scenario I've to configure the database -

    Customs Duty on Imported:

    Assessable Value 1,000.00
    Details Rate Customs
    Basic Duty 7.50% 75.00
    CVD + Cess + SH 10.30% 110.73 Claimable Amount (CENVAT)
    Customs + Cess + SH 3.00% 5.57
    Customs Addl Duty 4.00% 47.65
    Total 238.95 (Inventory Value) 128.22
    Inventory Value 1,238.95

    as we do Invoice Posting after GRN it has to post as
    ERP Code Description Debit Credit
    71155 Lab Consumable GL 1,128.22
    25120 Customs Duty - CVD (HO) 110.73
    To Vendor 1,000.00
    Customs Duty (Interem) 238.95
    Total 1,238.95 1,238.95

    Can you please give the solutions.

    Regards,
    Paul

    Regards

    Paul
    Dynamics Nav Functional Consultant
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