Fortnight utilization - SD

[Former Member]

Hi,

1.Whar are the settings required for Fortnight utilization?

2.Do I need to check the "No utilization Flag" for Fortnight utilization?

Someone pl help me in this

Thanks

Ivy

[Former Member]

Hi,

U have to runn J2IUN once in 15 days.

Regards

RV

[Former Member]

Hi,

The system normally does a fortnightly utilization till you check the indicator "Immediate Utilization" in the series group maintenance screen.

For the fortnightly utilization to happen;

1. Uncheck the "Immediate utilizaiton" flag in the series group maintenance.

2. Do not check the "No utilization" indicator. Checking this will not allow any CENVAT utilization. It will just generate an excise invoice without any utilization for it.

3. In "Utilization Determination", maintain the CENVAT accounts to be debited by the fortnightly utilization of the CENVAT report.

The report calculates how much excise duty must be remitted and automatically

proposes which CENVAT accounts the duty should be debited to. These defaults are specified here.

Here one can;

A). Debit all the excise duty to one account

B). Debit the excise duty to more than one account, in which case you

specify which percentage is to be debited to each account

Hope this answers....

FK

Edited by: Fazal Khan on Sep 26, 2008 9:40 AM