y Excise duty ..?
For what kind of material we have to capture, post and utilize the excise duty in manufacturing plant.
Because , we are procuring the more spare parts for our plant.
But for that spare parts also excise duty we are paying to vendor .
How to utilize ..
Please explain me the process..
Priyanka Paltanwale replied
This component enables you to analyze tax-relevant movements of goods that are subject to excise duties. It calculates the amount of the excise duty payments and, upon request, prints the results on forms for submission to the appropriate authorities.
Excise duties are duties that the state imposes as taxes on the use or consumption of certain goods. The liability to pay taxes is incurred when taxable goods are moved under customs seal from a location to a taxable location.
The state imposes excise duties, for example, on petroleum products, tobacco, alcohol and alcoholic beverages.
Now as per your requirement, for the SPARE PARTS:
· Is used in XX countries, but can also be used in countries outside the XX.
· Is geared (in the standard system delivery) to meet the requirements of the XX industry
· Can be adapted to map excise duties in other (Automobile etc) industries.
Hope it satisfies you...
You can also check the Sap note 716971
Hope it helps..