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Former Member

Accountign doc for Export Excise Invoices

Dear Friends,

Please clarify:

1.Whether Accounting doc is required for Export Excise Invoices......especially in the case of Exports under Rebate..........as I have maintained the Excise condition types as Statistical in my Pricing procedure.

2. In case of Exports under Rebate how does the system updates the Cenvat Credit Rec A/c and Rebate Claim Rec A/c after creating the ARE1

3.Whats the purpose of Calculate Taxes in J1iin, becoz the Excise values flowing into the Export Excise invoice would be in display mode only?

Thanks

Ivy

Friends, can someone throw some light on this......

Edited by: ivy ivy on Aug 11, 2008 11:58 AM

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2 Answers

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    Former Member
    Aug 11, 2008 at 10:26 AM

    Hi Ivy,

    1)Accouting document is not required for export invoices as export there are no taxes for export and hence conditions are statistical and they are correct.

    2) For sales with rebate ,the calculations should show the excise values which take the rebate factor into consideration

    3) the purpose of showing excise values in display mode in excixse invocie is that thes values then flow to ARE1 , where in the bond values are then updated and the excise claimed for rebate is recorded

    hope this helps

    Akasha

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    • Former Member

      Thanks Akash for the reply...

      but my question is:

      In case of Exports under Rebate how does the system updates the Cenvat Credit Rec A/c and Rebate Claim Rec A/c after creating the ARE1 ?Do we need to do anything after creating the ARE1 for rebates?

      Thanks

      Ivy

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    Former Member
    Aug 11, 2008 at 01:29 PM

    Accounting document is required for every invoice. Its not just taxes which are passed on to accounting but there are oterh conditions which needs to be recorded as well and posted as well. What abot prices, discounts, freights, insurance, commissions. How are you going to track them in FI if you donlt post it and if you don;t have an accounting doc then how else are you going to retrieve the data later. Commissions, rebates are accrual accounting which need posting.

    So this is a necessity. Now coming to the question why calculate taxes.

    well if you don;t calculate tax how else are you going to make the sales tax returns . its retrieved based on a tax code.

    Again how are you going to maintian your bond account and fil the excise duty values in your are-1 document.

    Hence calculating tax is necessary and so also is the accounting doc.

    regds

    Jude

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    • Former Member

      Dear jude,

      Are you sure abt the A/C doc for Export - Excise Invoice....??

      a) I agreee in the case of Export Invoice(Commercial Invoice) where other conditions like prices, discounts, freights, insurance, commissions needs to be recorded and posted as well. But in the case Export - Excise Invoice....as the Excise entries are maintained as Statistical in the Export pricing procedure, I dont think A/C doc is req?Pl confirm

      b)Coming to the question why calculate taxes......thanks you made it clear....I need to click on the calculate tax button whil creating a Export Excise Invoice so as to fill the Excise values in ARE1....but for me,iam not getting any A/C doc getting generated while creating Export Excise invoice also while creating teh ARE1...So pl let me know where did I go wrong?

      Thanks

      Ivy