diff --git a/erpnext/stock/doctype/item/item.py b/erpnext/stock/doctype/item/item.py
index bf8eaba0a2..844d62bd17 100644
--- a/erpnext/stock/doctype/item/item.py
+++ b/erpnext/stock/doctype/item/item.py
@@ -624,7 +624,8 @@ class Item(WebsiteGenerator):
 				template_item.save()
 
 	def update_variants(self):
-			if self.flags.dont_update_variants:
+			if self.flags.dont_update_variants or \
+				frappe.db.get_single_value('Item Variant Settings', 'do_not_update_variants'):
 				return
 			if self.has_variants:
 				updated = []
diff --git a/erpnext/stock/doctype/item_variant_settings/item_variant_settings.json b/erpnext/stock/doctype/item_variant_settings/item_variant_settings.json
index a29137c762..8bdd46c72d 100644
--- a/erpnext/stock/doctype/item_variant_settings/item_variant_settings.json
+++ b/erpnext/stock/doctype/item_variant_settings/item_variant_settings.json
@@ -12,6 +12,66 @@
  "editable_grid": 1, 
  "engine": "InnoDB", 
  "fields": [
+  {
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "section_break_3", 
+   "fieldtype": "Section Break", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0
+  }, 
+  {
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "description": "If enabled then system will not update the fields of variants from the template but will copy the data of below mentioned fields while making new variant", 
+   "fieldname": "do_not_update_variants", 
+   "fieldtype": "Check", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Do not Update Variants", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0
+  }, 
   {
    "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
@@ -84,8 +144,8 @@
  "issingle": 1, 
  "istable": 0, 
  "max_attachments": 0, 
- "modified": "2017-09-11 12:05:16.288601", 
- "modified_by": "rohit@erpnext.com", 
+ "modified": "2017-11-08 11:38:12.821404", 
+ "modified_by": "Administrator", 
  "module": "Stock", 
  "name": "Item Variant Settings", 
  "name_case": "",