Hi Dibyendu
We are not either inventorizing the CVD & ADC or availing credit at the receiving plant being at Head Office. What we do is utilizing the same amount at factory level from the clearing account as we have maintained same Ex. Reg for the Head office and the Factory as well.
This is a strange issue. First time we had reversed the GR , the accounting impact of GR-Reversal was exactly opposite of the GR(there was no CVD clearing component either in GR or in GR-reversal).
Afterwards we have posted Custom's MIRO again & then we had posted GR again and reversed it as well. Now GR has correct accounting impact , whereas GR-Reversal has as two entries for CVD clearing account in the accounting doc.
Afterwards when we reversed the Custom MIRO we have noted that there is an accounting impact where more than 50% amount from CVD clearing went to Price Diff account
What Process should we follow ? I have specifically checked that if we reverse the GR first & then cancel the Custom's MIRO - it hits the Price Difference Account. Whereas if we cancel the Customs MIRO first & then reverse the GR , the accounting entries are correct.
GR Accounting Doc
GR-Reversal Accounting Doc
IR Accounting Doc(Customs)
IR-Reversal Accounting Doc(Customs)
