Transcript
Bill of Entry
Training Guide Bill of Entry
Chain Sys ACE
Page ii
Table of Contents Bill of Entry ....................................................................................................................... 1
Process for Import Orders ( BOE ) ..........................................................................................1
Chain Sys ACE
Training Guide Bill of Entry
Page 1
Bill of Entry
Process for Import Orders ( BOE ) Overview Customs Duty liability arises on import of material. Customs duty has to be paid in advance i.e., before the material is received in stores. The clearance of goods imported would be possible only after submission of the Bill of Entry in the specified format. Bill of Entry in India Localization helps you manage the documentation process and account for the liability arising from the transaction. Bill of Entry helps you manage the import process. Using BOE you can perform the following tasks: • Capture the vital information required for the creation of the Bill of Entry in the format specified by the Bill of Entry (forms) regulation. • Record the Total Customs Duty liability arising form the transaction. • Create an AP Invoice for the total Customs Duty liability arising from the transaction. • Maintain account for the Customs Duty Liability. • Control receiving transactions until the Customs Type of taxes arising from the transaction are matched to the corresponding Bill of Entry. • Enables write-off of the disputed amount and amount that could not be applied fully to the transaction. In this Manual we will have a look at entire activities relating to Import Transaction.
Training Guide Bill of Entry
Chain Sys ACE
Page 2
Step Action
1. Enter PO Details for Import Supplier
Chain Sys ACE
Training Guide Bill of Entry
Page 3
Step Action
2. Choose you Tax Category defined for Custom Duty
Training Guide Bill of Entry
Chain Sys ACE
Page 4
Step Action
3. After saving the record, enter the PO value in Foriegn currency in the first Line against Tax Amount field and then Press the button Apply.
or
Press [Alt+p].
Chain Sys ACE
Training Guide Bill of Entry
Page 5
Step Action
4. All relavant taxes will be computed
Training Guide Bill of Entry
Chain Sys ACE
Page 6
Step Action
5. Double-click the ContinuousButton0 button.
6.
Press [Up].
7. Click the ContinuousButton0 button.
8.
Point to the Tax Name field.
9. Click the button.
10.
Enter the desired information into the Origin Country field. Enter a valid value e.g. "CHINA".
11. Navigate
Chain Sys ACE
Training Guide Bill of Entry
Page 7
Step Action
12. Now we need to pay the duty on the arrival of material at Port. Navigate to India Localization BOE Invoice Screen. Enter the mandatory fields like BOE Type, Authority for whom payment is to be made, BOE Agent code and Org details. Additionally enter the details of Import dept references provided as well as Shipment info. Choose BOE Item independent flag, if you want to apply the BoE to any item. Else provide the item details inside.
Training Guide Bill of Entry
Chain Sys ACE
Page 8
Step Action
13. Enter the assessable value as per Bill of Entry and enter the Duty Rate. Oracle will calcuate the Duty Amount.
Chain Sys ACE
Training Guide Bill of Entry
Page 9
Step Action
14. Similarly enter the Additonal Duty Rate.
Training Guide Bill of Entry
Chain Sys ACE
Page 10
Step Action
15. Enter the CVD Cess Rate Release the mouse button.
Chain Sys ACE
Training Guide Bill of Entry
Page 11
Step Action
16. Enter the Secondary Higher CVD Cess rate. Release the mouse button.
17. Press [Tab].
Training Guide Bill of Entry
Chain Sys ACE
Page 12
Step Action
18. Enter the customs education cess rate.
Chain Sys ACE
Training Guide Bill of Entry
Page 13
Step Action
19. Enter the Customs SH Cess Rate Release the mouse button.
Training Guide Bill of Entry
Chain Sys ACE
Page 14
Step Action
20. Enter the CVD Rate
21. On saving the record Total duty will be arrived.
Chain Sys ACE
Training Guide Bill of Entry
Page 15
Step Action
22. Double-click the Internet Explorer Main Window window.
Training Guide Bill of Entry
Chain Sys ACE
Page 16
Step Action
23. Note that from View request, System Automatically Generates Invoice for custom duty payment. Note the Details from Duty Payment.
or
Press [Alt+i].
24. Query the I Release the mouse button.
Chain Sys ACE
Training Guide Bill of Entry
Page 17
Step Action
25. Query the Invoice on the Invoice Screen. Click the EwtLWScrollbar scrollbar.
26. Click the Final Post option.
Training Guide Bill of Entry
Chain Sys ACE
Page 18
Step Action
27. Create and post the Invoice. Accounting and posting to GL will be done.
Chain Sys ACE
Training Guide Bill of Entry
Page 19
Step Action
28. View the Accounting Entries created for this transaction.
Training Guide Bill of Entry
Chain Sys ACE
Page 20
Step Action
29. Press [Ctrl+S].
Chain Sys ACE
Training Guide Bill of Entry
Page 21
Step Action
30. Make Payment for this transaction.
Training Guide Bill of Entry
Chain Sys ACE
Page 22
Step Action
31. Double-click the desired entry in the list.
Chain Sys ACE
Training Guide Bill of Entry
Page 23
Step Action
32. Now we need to receive the material at Stores. Prepare GRN for the import Order.
Training Guide Bill of Entry
Chain Sys ACE
Page 24
Step Action
33. Now we need to receive the material at Stores. Prepare GRN for the import Order.
Chain Sys ACE
Training Guide Bill of Entry
Page 25
Step Action
34. Note that Taxes as per PO defaulted.
Training Guide Bill of Entry
Chain Sys ACE
Page 26
Step Action
35. Assessable Value can be different as per bill of entry. Hence enter the assessable unit value here and press Apply. All duties will be recalculated based on the assessable value.
Chain Sys ACE
Training Guide Bill of Entry
Page 27
Step Action
36. Apply BoE Button enable us to apply the Custom Duty to the Materials. Enter the Duty to be applied against the 'To Apply' Column and Save the record.
Training Guide Bill of Entry
Chain Sys ACE
Page 28
Step Action
37. On saving the record, the system will generate the Accounting for receipt taxes.
Chain Sys ACE
Training Guide Bill of Entry
Page 29
Step Action
38. Note the accounting entry created. Receiving Inventory Account is debited and Bill of Entry Account is credited.
Training Guide Bill of Entry
Chain Sys ACE
Page 30
Step Action
39. For claiming Cenvat Navigate to Claim Cenvat Form. Enter the receipt Number to find the receipt Number.
Chain Sys ACE
Training Guide Bill of Entry
Page 31
Step Action
40. Note the eligible Cenvat Amount on this Receipt Transaction.
Training Guide Bill of Entry
Chain Sys ACE
Page 32
Step Action
41. Click the Claim CENVAT option.
Chain Sys ACE
Training Guide Bill of Entry
Page 33
Step Action
42. Enter the reference for Excise Invoice Number and Excise Invoice Date. Check the Claim Cenvat FLAG and Press the Claim Modvat Flag to claim the CVD.
Training Guide Bill of Entry
Chain Sys ACE
Page 34
Step Action
43. Note the accounting entries created for Cenvat. Input Registers ( Duty / Cess / SH Cess ) are debited and Receiving Inventory is credited.
Chain Sys ACE
Training Guide Bill of Entry
Page 35
Step Action
44. Note the accounting entries created for Non - Recoverable Taxes.
45. End of Procedure.
top related