Hello Flavia,
Thank you so much for your help.
The above FM does help me get the status for the sales order item.
But the issue i am now facing is that, when the order is loaded there are inconsistencies and the status is still in released state. It changes to Yellow/Inconsistent when i manually go to VA02 to check.
So i think the configuration rules are applied when i check into VA02 and the status changes, but then this value i am unable to capture currently using the above FM.
-Thanks,
Hardika