while doing J1iex In case of Stock Transfer Duty is Getting Inventorised

[Former Member]

Dear Experts,

In case of stock transfer of capital goods between 2 plants, when we are doing J1IEX (for the receiving plant) and tick the u201Ccalculate excise duties based on ratesu201D, the system copies the credit due amount to inventoried duty.

Due to this the total duty becomes sum of credit due and inventorised duty.

Why is the system copying the credit due amount to the inventorised duty in case of stock transfer only

Edited by: Burzes Batliwalla on Jun 13, 2011 7:17 AM

[Former Member · Accepted solution]

Hi,

I think the condition has not been maintained properly for STO. And it may be for invntory valuation condition type.

Can you please check this.

thanks.

[Former Member · Accepted solution]

I am also checking this out with Burzes .Everything is ok with conditions,if we donot click "calculate excise duty based on rates" . Nothing is inventorised.

But problem starts when we tick "calculate excise duty based on rates" and duty gets Invetorised.

which is

Recalculate Excise Duty

Recalculates the excise duty on the item.

Procedure

Select this indicator if you change any of the excise duty rates in the above fields. Then press Enter.

The system then recalculates the excise duty amounts accordingly.

Why is this happening.

Anyone can send some useful suggestions