MOOWR Compliance with SAP S/4HANA
MOOWR + SAP S/4HANA: Certifiable Simplicity Bonded warehousing has been one of the most efficient advantages to manufacturers that require to maximize cash flow, inventory performance and improve the global sourcing strategy. Indian MOOWR (Manufacture and Other Operations in Warehouse Regulations) system enables the companies to hold the imported raw material/components, to complete the value added manufacturing, and to pay the duty only in the final clearance of the goods. This mechanism assists in saving much on the working capital requirement as well as assist organizations focus on production without having to bear the financial burden. However, there are various complexities associated with the use of the MOOWR model especially in the manual format. The business organisations must maintain good stocks, differentiate between bonded and non-bonded materials, calculate duty deferments, prepare audit reports, as well as have impeccable compliance with the customaries requirement...