The flowchart describes a process for import procurement in SAP MM involving several steps. It begins with planning through MRP run, which can lead to either an automatic purchase requisition or a manual one. The requisition leads to creating a vendor with international currency and import scheme, followed by purchase order (PO) creation and approval. The vendor then receives the PO, dispatches the material, and sends all relevant documents to the purchaser. Upon arrival, goods receipt note (GRN) is done at customs, duties are captured and posted, and a series of quality checks and verifications are conducted before the material is either released for use or restricted. Payment is then completed in the respective currency.