Calculation part |
  
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Calculation part |
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Calculations:
•For a particular charge, multiple tax records can be linked. But, one tax code can be linked only once for a particular charge code.
•The calculation for Shipment Type is done based on the charge linked with the Manifest/Order type (be Import or Export). If Not Applicable is selected, then Manifest/Order type need not be considered (be Import or Export).
•If Coastal Flag is selected as Yes, then the Tax calculation should happen for the charges only for Manifest/Order for which Coastal Flag is selected.
•Mode selected should consider the charge and its mode linked in the Manifest/Order. If “Not Applicable” is selected, then the tax for the charge is applicable irrespective of considering the mode.
•Ocean Freight Mode should consider the Manifest / Order’s Sea Freight (FRT) charge & its mode updated. If the Sea Freight charge is updated as Prepaid, then other charges should calculate based on the mode updated.
•Tax Type:
If Tax Type is selected as Normal, then normal tax calculation should happen based on the tax percentage from the Tax master.
If the Tax Type =’After Tax’ is selected, then tax calculation should occur based on a formula defined.
Formula → (Charge Amount + (Charge Amount * Tax Percentage) / (Charge Amount – Tax Percentage)) * Tax Percentage/100
For Example :
Charge Amount → USD = 500, Tax = 5%
Before Tax → Tax = (500 *5)/100 = 25
After Tax → Tax = (500+(500*5)/(500-5))*5/100 = 26.31579