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 Post subject: [Solved] Foreign Purchase Second Stage Dealer
PostPosted: Mon May 21, 2012 9:10 am 
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Joined: Sat Jan 21, 2012 8:39 am
Posts: 81
Country: India (in)
Hello Experts,

My current client makes a purchase from his vendor (say V001) who inturn purchases the same goods from a foreign vendor( say V002). Now V001 passes all the CVD and Additional Duty components applied on him by V002 to my client.

I have tried to map the scenario by re-entering the CVD and ADC Vat components calculated by the system. But the issue I am facing is that my client says that he will not get any credit on the CVD and ADC vat paid, but the posted Purchase Invoice in the system shows credit receivable for the same.

Please help me with the issue.


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 Post subject: Re: Foreign Purchase Second Stage Dealer
PostPosted: Fri May 25, 2012 9:29 am 
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Joined: Fri Sep 25, 2009 6:33 am
Posts: 49
Location: Mumbai, India
Country: India (in)
If you r not going to get credit on CVD and ADCVAT amount then consider the amount as charges rather then calculating through excise.
In case of charges the CVD and ADC amount will be loaded on Inventory.


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Regards,
Faisal Bukhari


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 Post subject: Re: Foreign Purchase Second Stage Dealer
PostPosted: Fri May 25, 2012 12:55 pm 
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Joined: Sat Jan 21, 2012 8:39 am
Posts: 81
Country: India (in)
faizguy84 wrote:
If you r not going to get credit on CVD and ADCVAT amount then consider the amount as charges rather then calculating through excise.
In case of charges the CVD and ADC amount will be loaded on Inventory.


______________________
Regards,
Faisal Bukhari


Thanks a lot faisal for the reply. :D


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