How can we manage import to and sale from bonded warehouse?

15/02/2019 11:07 PM

How can we manage import to and sale from bonded warehouse?

In our old system we were not taking bonded warehouse stock into our inventory but just making journal entry. Since we have very few such transactions, this was working for us before GST but after GST even these few imports became difficult to handle. What is the correct way to do it in Tuhund ERP? We are ok if we have to make changes in our process or fine tune it but like our regular business we want to manage this too systematically.

Irfan Mustafa Qazi
16/02/2019 10:37 PM

Artificial Intelligence term has become very popular in last couple of years and the definition has narrowed down into something that we are not discussing here. Actually the definition is very broad and in simple form it has been there for pretty long. Tuhund has made use of Artificial Intelligence all along. For normal workflows, it is best to just let the system do the work. It is only for the aberrations and special cases that you need to override the system.

When you create a Purchase Order or Purchase Invoice in a GST enabled system and select GST exempted and vendor is from another country, system will automatically understand that there is no Custom Duty either. If you continue without manually enabling Custom Duty, system will understand it is import to bonded warehouse. You can still change it to High Seas sales store or overseas stock in transition. If you select overseas stock in transition, that will be temporary and ultimately that stock will have to move to bonded warehouse. Bonded import is much simpler that regular import. 

Once the stock is in bonded warehouse, you will have the option of de-bonding as well as sale from bonded warehouse.

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