Hi All,
We export under Bond. Now company has decided to go with rebate along with Bond. Procedure and accounting of both these processes are different.Invoice for Export Under Claim of rebate Accounting is needed.
Is there any standard procedure.?
Please let us know.
Yes obviously both are different process and you need to have a different G/L Accounts. Discuss with your FI team, assign this in SPRO > Logistics-General
Thanks for reply,
Basically am from FI team, where actually we configure? You mean account Determination?
Actually for local Export automatic posting happens at the time of excise posting like below:
Cenvat suspense a/c...Dr
Excise duty liab a/c...Cr
Is it same way possible to do for export claim under rebate?
Under Logistics-General, there would be one option to choose Maintain Default Excise Groups and Series Groups where you can have a new Excise Group and Series Group (one each for Bond and Rebate). For this new groups, you can set the required G/L Account under Specify G/L Accounts per Excise Transaction