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Former Member
Apr 05, 2011 at 02:16 PM

FI entries for Excise Duty

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Dear Expert,

Our's is a fertilizer industries with SAP 6.0 verion implemented. In the budget 2011-12 it has been decided to attract Excise Duty to fertilizers.

We have decided to opt 1% Excise Duty with no cenvat credit.

What will be possible FI entries in the following stages:-

1. At the time of goods despatched to Regions from Factory Gate. Let the Goods value(AV-Rs.1000)

2. At the time of sales at region( Sales Value- AV-Rs.1200)

3. At the time of sales at factory gate.

We want how excise duty being accounted with FI entries

If any body cn throw some light on the issue. Which is the best SAP practice followed.

Regards,

Alok