| # Assessable Value (tcibd9138m00l) This functionality is specific for India. use.session.to define assessable values of an item. Assessable value is used to calculate tax for the corresponding duty type. For Example: for duty of the type Excise, the Assessable Value defined for Excise is used. The assessable value is defined for an item and a business partner. The value is specific to sales tax, service tax, customs and excise duty and is defined for orders of type sales, purchase, transfer (manual) and production. Note Following are the possible scenarios when assessable value is defined for an item and a business partner, Infor ERP LN defaults the value defined here in the order lines. when assessable value is defined for an item and the business partner is not defined, Infor ERP LN uses the assessable value defined here for the business partner linked to the order. Origin The origin of the order. This field can have the following values Sales: Infor ERP LN defaults the Assessable Value defined for sales in the Sales Order Lines (tdsls4101m000) session. The Buy From BP field is disabled and the Sold To BP field is enabled. Purchase: Infor ERP LN defaults the Assessable Value defined for purchase in the Purchase Order Lines (tdpur4101m000) session. The Sold To BP field is disabled and the Buy From BP field is enabled. Transfer (Manual): The Assessable Value is used when the item is transferred manually to a different warehouse. Production Order: The Assessable Value is used when the item is procured by a production order. Buy From BP The buy-from business partner. Use the browse arrow to select the business partner from the Buy-from Business Partners (tccom4520m000) session. Note The field is enabled only when the Origin field is set to Purchase. Buy From BP The area where the buy-from business partner is located. Buy From BP The description or name of the code. Sold To BP The sold-to business partner. Use the browse arrow to select the business partner from the Sold-to Business Partners (tccom4510m000) session. Note The field is enabled only when the Origin is set to Sales. Sold To BP The area where the sold-to business partner is located. Item The item code. Use the browse arrow to select an item from the Item Data for Indian Localization (tcibd9137m00l) session. Description The description or name of the code. Inventory Unit The inventory unit of the item. The value is populated from the Item - General (tcibd0101s000) session. Inventory Unit The description of the inventory unit. Duty/Tax Type The type of tax. This field can have the following values Excise Duty Sales Tax Service Tax Customs Note The Assessable Value is used to calculate the tax amount for the type of tax specified in this field. Effective Date The date and time from when the Assessable Value for a specific Duty/Tax Type is effective. Infor ERP LN uses the assessable value until the specified Expiry Date. Expiry Date The date and time when the Assessable Value for a specific Duty/Tax Type expires. You can define assessable value for different periods. Assessable Value The value of the item used to calculate tax amount for the specified Duty/Tax Type. Discount Percentage The percentage of the discount applicable on the assessable value. Print Assessable Value Starts the Print Assessable Value (tcibd9438m00l) session, which prints the assessable values. View Effective Data Displays the assessable values that are effective for the item and business partner. View All Data Displays all the effective and expired assessable values for the item and business partner. |