Hi Experts,
I have some questions in Customs Management-> Compensatory interest
1) I have defined a Duty type for compensatory interest in the Customs duty framework. Not assigned any cost components for this Duty type.
Control settings for this new duty type is as follows
Value type : Value not Shown Separately
Amount rule: Full Amount in customs currency.
What is the significance of the field Value type in the Duty structure. What will the system do if it is setup as "Value not shown separately".
2) How is this Compensatory interest calculated.
I have setup the Compensatory interest rates in "Maintain compensatory Int.".
When i released the IPR Components to free circulation via Domestic issue. I don't see, Compensatory interest determined in the document. But, in some cases it works.
I would like to know, what would be the basis for calculation of compensatory interest.
Is the value of goods considered for compensatory interest? or something else.
3) I got to know that compensatory interest is calculated only if the value of customs dec. is more than 20 EUR. How do we identfy the value of customs dec. Is it the Value of goods or Value of goods+Duty values etc..
And please help me if i have missed something in the setup for compensatory interest.
Thanks in advance
Dhilipan