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Re: Excise duty not flown to inventory-PO in Foreign currency

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Hi,

 

Thanks for your reply. Our scenario is, we buy from indigeneous vendor but the agreement is payment to be made in foreign currency. So no import duty is involved but excise duty and other taxes are attracted just like any other local purchases.

We have followed tax code(FTXP) route and not the condition based taxes. The non deductible taxes are flowing correctly for other indigeneous purchase orders. So it doesnt seem like error in account key.

Kindly help.


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