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author's profile photo Former Member
Former Member

Excise duty

Hi,

How to Handle the Transport expenses and Excised duty in the receiving plant ( This plant is SEZ we cannot avail the MODVAT then it should go to part of material cost) and Can we post the invoice against the STO?

regards,

Sridhar.N

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Apr 30, 2008 at 10:54 AM

    Hi,

    we cannot avail the MODVAT

    Use following conditions

    JMIP, JEC2, JHX2 which are all Inve.Based conditions at your Tax code level.

    Can we post the invoice against the STO?

    Yes, same as PO, but make sure that the Customer(Plant) send the Exc.Invoice(J1iin).

    regards

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 30, 2008 at 11:21 AM

    hi,

    As your receiving plant is in SEZ there is no need to pay excise duty for sending material to this plant. As this will be treated as deemed excise.No question of inventorsing the excise duty.

    From STO make delivery then proforma invoice then excise gate pass with nil duty, this delivary will be made under ARE 3 excise transction. as far as transportion cost is concern the same can be added in pricing with the suitable condition type ( Configure in STO pricing procedure). this will get loaded on material

    Hope to clear you doubt

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