Purchases of materials from domestic sources without VAT in order to decrease export material costs to provide exporters with competitive advantages are briefly called Export Registered Purchases.
Information regarding Export Registered Purchases is recorded using the Export Registered Purchase Invoices. Information regarding the purchased service can be recorded using the Service Purchased Invoice or the Export Registered Purchase Invoice. If service sales are recorded through Export Registered Purchase Invoice, the line type should be selected as Service.
The purchase transaction information is recorded using the Invoice and Details tabs. Special information regarding the export transaction is recorded on the related columns of the invoice lines. The information to be entered is:
IPL: The field used to select the IPL to which the material on the line will be included and the allowed raw material pertaining to this IPL.
IPL Remaining Quantity: The field indicating the remaining quantity of allowed raw material pertaining to the IPL after deducting the line material quantity.
IPL Remaining Amount: The field indicating the remaining amount of allowed raw material pertaining to the IPL after deducting the line material amount.
IPL Parity: The field indicating the remaining amount of allowed raw material pertaining to the IPL after deducting the line material amount. If the currency types of the selected IPL and the material on the invoice line are different, this field is used to convert the material's currency to IPL's currency.
VAT amounts are displayed on export registered invoices. However, the VAT amounts are not collected from the AR/AP. So, the VAT is not affected from the VAT amounts of the AR/AP.
Export registered invoices entered through the Export section is displayed on the Purchase section with a "D" letter.