Query with Material's Standard Price and Excise Assessable Value

[Former Member]

Hi Xperts

There is a requirement of maintaining Price Control "S" for Raw Materials & Packing Materials.

Now I have a query in terms of Inbound Logistics with Excise here.

1. In case of domestic purchase , what would be the Assessable Value for that to have Excise Duty Determination. Should we use the same standard price as an Assessable Value & maintain in J1ID?

2. In case of import purchase or 1st/2nd stage dealer procurement process , what would be the Excise base value which would affect the inventory?

Regards

Soumick

[former_member192897]

Your FI / Legal departments would be able to tell you the accessible value on which excise has to be calculated. There would not be any impact in the excise part as you will enter the price any ways in the Purchase order which is a Base for Excise duty calculation.

Accessible value is required in J1ID only in case if you want to Create Outgoing excise invoices (For STO with MM route / Excise invoice for Return PO / Excise invoice for any other purposes  say OTHR transaction type) or if you want to reverse the Credit in Subcontracting process.

[Lakshmipathi]

As already indicated, had you raised all your queries with your client, you would have got the required information.  The queries you posted are purely Business related and nothing to do with SAP.  In SAP whatever way you want, can be captured but ultimately, you have to ensure that it is in line with the statutory / legal requirements from manufacturers' point of view.

G. Lakshmipathi