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We have a site which buysinventory from abroad and does not have to pay duty. When we move inventory from this site to one of our other sites we then need to pay duty. I am assuming this can be done by adding a landed cost to the second site and when we transfer inventory into it from site 1 it will produce journal entries for the cost of the duty. I am having a few problems and wondering if anyone can confirm the following assumptions.
1. This can only be done if using the inventory in-transit transfer window and not the normal inventory transfer window.
2 if the in-transit window is used but the inventory is just transferred between site 1 and 2 without using an in-transit site only postings for the unlanded cost is created
2. it seems that postings for the landed costs are only created if the inventory does go through an in- transit site and is then received in through purchasing.
This seems strange that you have to use the extra step of receiving the stock into site 2 and could lead to errors with staff processing not realising they must use an in-transit site.
Is this the way it is designed to work or am I doing something wrong?
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Ray, because only the In-Transit Transfer process uses the Receivings Transaction Entry window to receive the product at the destination site, and because Landed Cost is applied in the Receivings Transaction, yes, this is the only way to apply Landed Cost to a transfer from site to site. The standard Transfer Transaction does not provide for adding Landed Cost.
Hope this helps,
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