Excise Posting

[Former Member]

Dear Experts,

  For incoming materials Excise is applicable, In August for one material document excise values are not correct and that amount is already utilized in Sep.

After observation we need to cancel the excise invoice which was created in August.For reversing that amount what we need to do? Please suggest.

Regards,

Narendra

[Former Member]

This is fine.

[Former Member]

Is your issue resolved?

[Former Member]

Yes,

I cancelled the excise invoice in J1IEX,To adjust amount in utilization i used J1IH.

Is there any method other than above to reverse excise entries which excise amount already utilized?

Please suggest.

[Former Member]

Hi,

there are two options.

1.

Use J1IH. Its use is expained as below

Use: - You use these functions if you need to make an adjustment posting to any of your CENVAT accounts. You can make adjustment postings to account for:

- Scrap

- Materials that you have not used in production

- Additional excise paid by vendors

- Money that you have transferred to your personal ledger account

- Other transactions

- You can also use this function to cancel excise invoices -out going excise invoices.

2 If your customer is not happy with this option, then you can go GL adjustments fhrough FI.

3. For actual reversals, cancel GR, post excise invoice wrt to cancelled GR, cancel excise invoice using J1IEX.

[Former Member]

We can use in J1IS with reference to the  cancelled material document to capture the excise in GR for return document?

After that we can cancel the excise invoice in J1IEX.

Regards,

Narendra