Material as Excisable and Non excisable

[Former Member]

Dear All,

I have two wide category of Goods Receipts 1.Excisable and 2.Non.excisable.I want to have seperate stock type for this and at the same time while issuing also i should be provoked to issue the non excisable first and then the excisable.At any point of time i should be in a position to get the closing stock value of the excisable or non excisable.

Help me on this

Regards,

Milton.I

[Former Member · Accepted solution]

Hi

Maintain split valuation for the material. 1) Excisable 2) Non-excisable

For the receipt of Excisable, use the set off duty conditions (JM01 or JMOP). In case of Non-excisable receipts, use the Inventory duty conditions (JM02 or JMIP)

(Depends upon your tax procedure, u have to use the appropriate codntions)

So, you can monitor consumptions also based on valuation types.

warm regards

sairam akundi