IM-E  Enter Landed Cost Duty Codes

Purpose of the Program

The calculation of duty on an imported item is a combination of the duty on the item purchased (per Duty Classification Tables) and the vendor from which it is purchased (Country of Import).  The amount calculated for duty will be added to the cost of the inventory item being received.

The first three characters of the Duty Code are associated with a specific vendor and is entered in AP-A, Enter Vendors, in the Duty Code field.  The second three characters of the Duty Code are associated with a specific item and are entered in IN-B  Enter Inventory in the Duty Code field.  These two 3-character codes are then combined to create a 6-character Duty Code that gets assigned a corresponding percentage rate.

Field Explanations

Duty Code

This is a 6-character code that results from combining the vendor Duty Code from AP-A  Enter Vendors with the item Duty Code from IN-B  Enter Inventory.

Percentage

Enter the duty percentage that is charged for this Item Classification when imported from the vendor’s country.