To set up Customs

This functionality is specific for India.

To set up customs duty, complete the following steps:

  1. In the India Localization Parameters (tccom9136m00l) session, define the following:

    • The Imports Applicable check box must be selected.
    • The Default Percentages for Handling Charges. Example, 1 per cent on CIF value of goods.
    • The Home Consumption Bill of Entry Series and Bill Of Entry Number Group
    • Customs Exchange Rate
    • Customs Business Partner
  2. In the Registration Numbers By Financial Company (tctax9140m00l) session, define the PAN based number for your own company and ECC code for the warehouse.
  3. In the Registration Numbers by Business Partner (tctax4100m000) session, define the tax registration number for your business partner.
  4. In the HSN by Item (tcibd9143m00l) session, select HSN code of the item.
  5. In the Landed Cost Lines (tclct2100m000) session, define landed costs.
  6. In the Delivery Terms (tcmcs0141m000) session, maintain Terms of Delivery code.
  7. In the Tax Codes by Country (tcmcs0136s000) session, define an aggregate tax code for imports. If the transaction includes more than two tax codes, you must set up an aggregate tax code for imports. For more details, refer To set up an aggregate tax code.
  8. To use surcharge in import duties, select the Include Fixed Costs in Valuation Price check box in the Cost Price Calculation Parameters (ticpr0100m000) session.