Financials for India - EBS (MOSC)

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Issue in Modvat on Receipt - India

edited Jul 17, 2014 5:00AM in Financials for India - EBS (MOSC) 16 commentsAnswered

Hi

We are unable to take Cenvat Credit of MRN,  Details as Below :

  • After creation of MRN, we mentioned Excise Invoice No., Excise Invoice Date and click on Populate Defaults, but Cenvat credit not taken by system
  • The Item is defined as Raw Material India, Modvatable - Yes, Excisable - Yes in Item Classifiaction.
  • The Inventory Orgainsation is excisable Org
  • Supplier Addition Information is completed.
  • Excise Taxes are  Recoverable and in Recoverable Flag is enabled in MRN Taxes.
  • Now MRN is not available in form "Modvat on Receipt - India"
  • Due to this Receiving Inventory A/c has Debit Balance that should be credited on Cenvat Credit

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