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Former Member
Feb 19, 2009 at 05:33 AM

Excise Duty Value

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Hi,

Iam using TAXINN procedure. My customer wants to capture the excise value of the material while it is purchased from the First Stage dealer. While material is purchased from manufacturer we have definite exxcise duty percentage but when it is purchased from dealer he passes only the excise value for which he purchased.

Dealer purchased price

Material X = 1000

Excise duty =100

Purchased from Dealer

Material X =1200

Excise duty =100.

The excise duty is 100 because the dealer can pass only 100 for which he purchased.