To assign a duty code:Use the Duty Harmonizing Code Maintenance screen to assign duty codes for products in price lines as well as product lines. Use duty codes to specify rates for duty charges, freight charges, and other charges for any products that your company imports and then later exports. A duty harmonizing code assigned to a product takes precedence over a code assigned to the price line to which the product belongs.
Duty harmonizing codes can be assigned on the following screens:
Price Line Maintenance screen (Files > Price Maintenance > Price Line > Duty Code hot key).
Miscellaneous Product Information screen (Files > Product > Product Maintenance screen > Add'l hot key > Misc Product Info hot key, Miscellaneous Product Information screen).
To assign a duty code:
From the Files > Tax, Duty & Exchange Rates menu, select Duty Harmonizing Code Maintenance to display the Duty Harmonizing Code Maintenance screen.
In the Harmonizing Code field, enter the name of the code. For example, you might have a name that is based on a type of product or on a specific country.
In the Country column, enter the name of the country to which the code, and the subsequent duty charges, apply.
In the Duty % column, enter the percent of duty that is paid when products are imported.
In the Freight % column, enter the percent of freight that is paid when products are imported.
In the Other % column, enter the percent of any other charges that are applied when products are imported.
Note: The information you enter in the Duty %, Freight %, and Other % columns determines the COGS on tagged sales orders when the Update Cost On Sales Order From Tagged Purchase Order control maintenance record is set to 1 or 2. For more information, see Understanding Duty Drawbacks on POs. Also see, Entering Miscellaneous Product Information.
Press Esc to exit the screen and save the information.
Note: Duty information can be tracked using the G/L Inquiry screen. For more information, see G/L Inquiry Overview.
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