Excise Duty

[Former Member]

Hi Gurus,

We are using TAXINN...i created a PO ...Net Value 120 Excise Duty 16% that will come to 19.2Rs.

Then i did MIGO..at this time i selected NO EXCISE ENTRY and posted the document. When i checked the MAP of material the EXCISE DUTY is loaded on material. But i did maintain FV11 for JMOP which is for setoff...

In TAXINN procedure the Key assigned infront of JMOP is VS1.. I saw in OBCN VS1 non deductible indicator is selected..is this bcos of this??

I dont want excise duty to be loaded on material.

Regards,

Rohan

[Former Member]

Hi,

In your PO you assigned the Excisiable tax code with 16%BED.You maintain the same in FV11.But during MIGO transaction you selected the No excise Entry.Then Automatically system will calculate the material cost from PO net value multiply by Grn qty.Plus it will add the Excise amout.

IF tyhe material not subject ot Excisable you have use proper non excissable TAx code in th Po.

[Former Member]

Hi

You are right, the Non-deductable indicator must not be selected if you don't want inventorization.

In case of condtion type JMIP which is meant for inventorization, the processing key is NVV.

warm regards

sairam akundi