0 Replies Latest reply: Dec 2, 2009 7:52 AM by Santosh Padhi RSS

Invoice Verification for IMPORT PO(ASSET)

Santosh Padhi
Currently Being Moderated

Hi All,

 

User has created Purchase order against Import Material for asset with Account Assignment category as A.While invoice verification for basic customs duty,ECS and HSES, system debiting the GL account for Asset instead of CenVat clearing.

 

In case of PO against import material for asset with out account assignment category as A, system debiting the cenvat clearing account accurately.

 

Current Accounting Entry

 

Commissioner Of Customs Credit

Asset under construction(CWIP) Debit

 

Required Account Entry

 

Commissioner Of Customs Credit

Cenval Clearing - Debit

Customs deposit a/c - Debit

 

It is bit urgent.Please provide the solution.

Santosh

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