The error is common when Actual GI date was not given by the user, in this case, SAP will use the current system date. Usually, the current system date is not in the valid period and the error M7053 is raised.
If the user was given, check-in MMRV for the company code and verify the Current Period.
Steps to check the valid period
Check the current period with OMSY for the company code
Go to MMPV and enter the company code, period and year.
MIGO always check the valid period in MMRV and posting date in the MIGO screen. The date in MIGO must be in a valid interval as allowed in MMRV only.