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Customs Duty Calculation based on Product Fiscal Classification Code

edited Aug 17, 2022 3:22AM in Costing 1 comment

Summary:

We have a requirement to calculate Customs Duty based on Item HTS Code in Landed Cost management Trade Operations.

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Questions :


Can Product Fiscal Classification code be used to calculate Duties? If yes how can I set up Duty Tariffs by Item and use the same in PO Line schedules?

We are not using Purchase Tax - However if I use the Product Fiscal Classification Code for Duties, would it impact any future implementation of Tax Module?



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