Duty Codes (Jamaican customers ONLY)

Duties are fees paid to the Customs decision of the government when importing goods you then sell. Therefore, they apply to specific inventory items. Tariffs may also apply see Tariff Codes for more information. The Setup Wizard's Duty Codes command allows you to specify Duty codes enable their use. Additionally, for the feature to work you must assign Duty codes to inventory. Currently this function in System Five is configured specifically for our Jamaican customers.

Access

To maintain Duty codes, select Setup Tools> Setup Wizard> Taxes> Duty Codes.

The Duty Codes window shown in Figure 1 appears.

Figure 1: The Duty Codes window

To specify duty codes and associated rates and enable their use

Check the Use Jamaican landed costing check box to enable this function and clear it to disable the function. Type in the Area and Rate for each Duty code.

Column	Description
Date	The *Date* determines the date the Duty code is effective and the cell fills automatically as current day in the format of mm/dd/yyyy but is editable.
Area	*Area* determines the area the Duty codes is effective. "Area" column in grid only accepts the entry of 2 characters.
Rate	*Rate* allocates the rate for the duty code.

When complete, click [Close] to accept your settings and close the Setup Wizard.

Once saved, Inventory Record - "Jamaican Costs" tab now allows you to select from the "Duty Code" values in the drop down.

The "Duty Code" drop down only displays rates that are current.

(i.e. if multiple entries exist for the same area in the Setup Wizard, only the rate that applies to today will be displayed for that area)

Warning: The costing takes effect on the date in the Date cell (not the date you enable the Duty function). Do NOT back date this date or you cause errors with landed costing and price of inventory items. It is best applied at the time of your system setup to avoid errors.

To assign a specific code to an inventory item

When enabled the Inventory Details window now has a Jamaican Costs tab. For each inventory item that duties apply to, on the Jamaican Costs tab, click the Duty Code down arrow and select the applicable duty code from the drop-down list.

Tariff codes may apply instead of in addition to Duty codes on an inventory item. If this is the case, see also Tariff Codes.

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