on 10-19-2010 10:55 AM
In Import Scenario, Do i need to capture excise invoice when doing MIGO after MIRO for Custom Vendor? In my openion, There should not be any excise invoice caputured in system as we are paying custom duties , excise is not applicable. Kindly clear my doubt. If excise should be captured than on what amount excise will be calculated?
Hi ,
The import process involves....
Clearing Customs duty MIRO-GR for import goods MIGO against the Invoice reciept-Capture the Import duties through J1IEX_Capture against the MIGO document-Final payment to main vendor through MIRO.....
Your eligible to take credit on CVD, Cess on CVD ,Secondary Cess on CVD and AED.
Regards,
Patil
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First you need to do MIRO. Why becos Once you pay the customs only they will release the goods. That s the reason we are doing MIRO first. Then only the goods come to our premises, after that we need ot do MIGO.
In this We are elgible to take credit only Additional duty, CVD, ECS CVD, SCESS CVD only. We wont take basic customs and others
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