Import Procurement full overview explanation
•Procuring of goods from US to India or any other places
India to USA
•Currently India is using GST, so there are no different condition types will trigger
•Whereas in case of different country, the condition types for customs will come into picture
•Remove the tax code or maintain it to 0% and maintain the vendor to unchecked GR based IV
•Procuring of goods from US to India or any other places
India to USA
•Currently India is using GST, so there are no different condition types will trigger
•Whereas in case of different country, the condition types for customs will come into picture
•Remove the tax code or maintain it to 0% and maintain the vendor to unchecked GR based IV
•Customs
Clearance vendor will be different/Same as per the company requirements
•But
if the customs vendor is different then IV needs to be posted before GR and
that should be paid
•Once
material received to plant then GR and following with IV will happen
•Orders
or u can use even same normal doc type(Preferred to use different)
•Material
master—Foreign trade import tab –Fill details what type of products /region and
Origin
•Vendor
master—remove the GR based IV check for vendor or Invoice tab
•Check
calculation schema whether import condition are maintained to calculate charges
in PO
•Perform
PO with all the details and do the Invoice with planned delivery costs
•Now
perform the Goods receipt and Invoice receipt for normal goods
•Payment
will release to vendor and prior payment of customs will be processed to
vendor.
•This
completes Import type of procurement
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