Accessible value, custom duty and GST in large import purchase invoices
For large invoices where there are variations on item level in the accessible value in bill of entry compared to auto-calculated value based on our purchase order, entry exchange rate and other values considered by customs department, or where GST rate applied by customs department is different from what we have considered, it is difficult and time consuming to find the exact item. We often have imports with more than 2000 items in same invoice. For such large invoices we get split bill of entry. If all the values are matching, it is just few clicks to complete the import but again for such large imports all the values rarely match. Is there any shorter way to match these values?
Please check our purchase invoice number TEMP1400. Original bills are attached. There is a difference of Rs 8 which we are not able to find where.
In nearly all cases, with some exceptions, when you update correct entry exchange rate, freight and insurance as considered by department of customs, accessible value is calculated correctly by the system. Usually difference is either in custom duty rate or IGST rate. Whatever the case may be, you can download excel file from the system, make corrections, save as CSV and upload again. System will read from the file and update. It is advisable to remove the columns which you do not want to change, though it is not a must. It is just that it becomes easier to work with the file if the number of columns is limited. Further please make sure all amount are in number format in CSV file, that is without commas, before you save it.
I have looked into your purchase invoice. I have not checked all the items but for 10 rows starting from 203, the basic custom duty that you have entered is 10% but the files show 7.5%. If you want I can fix this invoice.