Depot Sale excise duty accounting

[Former Member]

Dear All

I am doing the stock transfer of 100 MT finished product to my depot on 29th or 30th of the month with the excise duty. In Depot, they will do the GR and started selling the product from 30th onwards (with J1iG and J1iJ utilization).

If my products basic price get changed from 1st onwards (based on the basic price the excise duty amout will change) then how the difference can be accounted (both in Factory and Depot).

Kindly give some suggestions.

S. Raju

sraju06@gmail.com

[Former Member · Accepted solution]

Its been some time since I worked in CIN so pardon me if the transactions and routines that I mention are off the mark.

After STO from factory you will do J1ii

You will do the GR at depot and do J1IG .this will capture the mother invoice

Now after order and delivery from depot you will do J1IJ which has to be done by selecting the mother invoice

In your pricing procedure there are certain routines (600 something) against the excise cond type that will capture the excise wrt to the J1IJ

so even if the duty has changed the original duty i.e at the time of STO will be captured

This is the reason why J1IJ is done before invoicing unlike how J1II at factory is done after invoicing

[Former Member · Accepted solution]

Dear Rohit,

Thanks for your information.

Regards,

Raju.