Significance of Type of Vendor in vendor master

[Former Member]

Team,

My Question is I want to know the Significance of field Type of Vendor in Vendor master (CIN details Tab)

Vendor Master (XK03) -> CIN details -> Excise duty -> Type of Vendor

Deepak Mankeshwar

[former_member186100 · Accepted solution]

it is categorization of vendors as required by excise reporting rules , it is for information purpose in rg23 registers , if you click on F4 it will give you defination.

[Former Member · Accepted solution]

Many thankx for reply,,,,,but please explain use of F4 value SD

SD (Second Stage Dealer of indigenous excisable goods)

Deepak

[former_member186100 · Accepted solution]

person manufacturing material is called manufacturer

the vendor who purchases from manufacturer and sells is called first stage dealer

the vendor who purchases from first stage dealer and sells is called second stage dealer

indigenous excisable goods stands for purchase within india , idea is dealers cannot add additional excise they can just pass it  on on the basis of manufacturer's invoice

ex. manufacture sells something at price   100 Rs          12.36  Rs excise           total 112.36

       1st stage dealer                                 120Rs           12.36 Rs                              132.36

      2nd stage dealer                                140 Rs          12.36 Rs                              142.36

idea is dealers only mark up price with profit margin , they do not add value to goods sold and hence excise duty remains same as it was for manufaturer.

[Former Member · Accepted solution]

Mnay thankx it is really correct answer with proper example !!!!

Deepak