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Former Member
Oct 23, 2013 at 11:20 AM

10% added cost in STO and Excise Calculation


In STO, as per the Indian excise norms 10% is added to the cost of the material and the final value is considered as the basic price.

Freight and forward charges are added @ 1% of the basic value. Excise duties are calculated BED @ 10%, CESS @ 2% and SECESS @ 1%

Is this applicable in CIN. And how do we do this in STO?

I have gone through many documents and discussion. Please someone guide. I am aware of the Standard Process in SAP. Just concern with 10% extra added to material.