| # To handle customs for standard import order This functionality is specific for India. To process custom duty through standard imports, complete the following steps: Create a purchase order In the Purchase Orders (tdpur4100m000) session, create a purchase order for the imported goods. Define terms of delivery In the Purchase Orders (tdpur4100m000) session, click the browse arrow of the Terms of Delivery field to select the terms of delivery in the Terms of Delivery (tcmcs0141m000) session. For details, refer to INCO Terms. Maintain PO Additional charges In the Purchase Orders (tdpur4100m000) session, on the specific menu, click Purchase Order Additional Charges; the Purchase Order Additional Charges (Import) (tdpur9137m00l) session opens. Define the additional charges based on the terms of delivery. For details, refer To calculate additional charges for customs. Calculate estimated values In the Purchase Order Additional Charges (Import) (tdpur9137m00l) session, on the specific menu, click Apportion, to calculate estimated values of Assessable Value for Imports and Estimated Landed Cost. For details, refer to To calculate Assessable Value and Estimated Landed Cost. Approve the purchase order In the Purchase Order Lines (tdpur4101m000) session, on the specific menu, click Approve. Release the order to warehouse In the Purchase Order Lines (tdpur4101m000) session, on the specific menu, click Release to Warehousing, to release the purchase order to Warehouse Management. Infor ERP LN defaults the order line in the Warehouse Receipts (whinh3512m000) session. Generate Bill of Entry In the Warehouse Receipts (whinh3512m000) session, on the specific menu, click Generate Bill Of Entry; the Bill Of Entry (tdpur9140m00l) session opens. Enter the actual values in the Bill of Entry and approve the receipt line. For details, refer To process bill of entry. Confirm Warehouse receipts In the Warehouse Receipts (whinh3512m000) session, on the specific menu, click Confirm Receipts to confirm the receipt line. All the duties (claimable and non-claimable) from the Bill Of Entry are updated in the Financials. Update Registers After the receipts are confirmed, if purchase order is Excisable and if the Item Category field is set to Non-Capital, Infor ERP LN updates the Part 1 of the register RG23 A. If the Item Category field is set to Capital, Infor ERP LN updates the Part 1 of the register RG23 C. Update taxes in Financials Infor ERP LN populates the data in Financials with all the tax details for the order relating to both claimable and non-claimable amounts. Use the Accounts Payable module to process the updated claimable taxes. Start the Process Order Tax Details (tfacp9235m00l) session and click Generate Transactions button to post transactions. Serial Part II for each ECC number is updated. The records are selected in order of preference of Receipt date, Receipt time and ECC or Tax registration number. You can also simulate before generating the records. Use the Print Processed Order Tax Details (tfacp9435m00l) session, to generate a detailed report of the claimable taxes that are processed. As part of the prerequisites, you must set up data, before using the Financials. For details, refer to Prerequisites for using financial postings. Register Purchase invoice In the Purchase Invoices (tfacp1110s000) session, enter the invoice details. You cannot link excise related tax codes directly to an invoice. The Level of Tax Calculation field is set to Transaction Line for excise related invoices. Infor ERP LN sets Invoice Status field to Registered. Match purchase invoice with purchase order In the Purchase Invoices (tfacp1110s000) session, with the Invoice Type set to Invoice related to Purchase orders, on the specific menu, click Match with, to match the purchase invoice with the purchase order. On the specific menu,click Invoice Tax Lines; the Invoice Tax Lines (tfacp9136m00l) session opens. You can view all the tax line details of the order that are defined in the aggregate tax code. Create tax postings In the Invoice Tax Lines (tfacp9136m00l) session, select each order line and on the specific menu, click Create Postings to create tax postings. In the Purchase Invoices (tfacp1110s000) session, on the specific menu, click Tax Transactions to view the tax postings of the order line. Approve purchase invoice In the Purchase Invoices (tfacp1110s000) session, on the specific menu, click Approve. You cannot approve the invoice unless all the invoice tax lines in the Invoice Tax Lines (tfacp9136m00l) session are processed. Infor ERP LN creates ledger entries to register and approve the invoice. Posting Ledger accounts Infor ERP LN posts the defined ledger accounts for the tax code. For details refer to Financial Postings for Expensed taxes. Pay the purchased goods You can make payments for the purchased goods, only when invoices are approved. Use the Cash Management module to make payments. Archive or Delete Fully paid invoices In the Archive / Delete Fully Paid Purchase Invoices (tfacp2250m000) session, the invoices that are fully paid, are archived or deleted. Declare taxes Periodically, declare the tax after utilizing the CENVAT credit against the credit that is availed. For details, refer to ER1 report. |