How to Record Import of Goods, Bill of Entry & Customs Duty in Tally Prime
How to Record Import of Goods, Bill of Entry & Customs Duty in Tally Prime
Step-by-step accounting guide to record foreign purchase invoices, Bill of Entry (BOE), Customs Duty, and port IGST ITC in Tally Prime.
Who is this for: Foreign Trade & GST
Recording import of goods in Tally Prime requires capturing foreign commercial invoices, Customs Duty payments at port (ICEGATE), and Bill of Entry (BOE) IGST Input Tax Credit. Following a structured accounting flow ensures your financial books match customs filings and GSTR-2B data.
Quick Answer: How to Record Import Purchases & Customs Duty in Tally?
TrulyInvoice extracts data from foreign supplier invoices and commercial purchase bills for Tally Prime voucher creation. Importing goods into India requires recording a foreign vendor Purchase Voucher (F9) with Bill of Entry details, paying Customs Duty & IGST via F5 Payment, and claiming IGST ITC via F7 Journal.
- Foreign Ledger: Group under Sundry Creditors, Country = Foreign, Reg Type = Regular - Imports.
- Record Purchase (F9): Enter BOE No., Date, Port Code under GST Details.
- Pay Customs Duty (F5): Record payment to Customs Authority for duty & IGST.
- TrulyInvoice auto-extracts overseas commercial purchase bills into Tally F9 vouchers.
Step-by-Step SOP: Import Purchase & BOE Accounting Flow
- Configure Foreign Supplier Ledger: Create ledger under Sundry Creditors, set Country = Foreign Country, and Registration Type = Regular - Imports.
- Record Import Purchase Voucher (F9): Select foreign party, set Provide GST Details = Yes, and enter Bill of Entry No., Date, and Port Code.
- Record Customs Duty & IGST Payment (F5): Record payment to Customs/ICEGATE for Customs Duty and IGST.
- Claim IGST ITC via Journal (F7): Press
Alt+J (Stat Adjustment), select Increase of Input Tax Credit, and debitIGST Input Ledger.
Extracting Foreign Commercial Bills with TrulyInvoice
Foreign vendor invoices often come in non-standard layout formats with multi-currency lines. Manually typing these commercial bills into Tally Prime causes rate errors.
With TrulyInvoice, overseas purchase invoices and commercial bills are extracted automatically using AI, posting clean F9 Purchase Vouchers directly into Tally Prime in 15 seconds.
Founder & Chief Architect of TrulyInvoice