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Utilization....

Former Member
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Dear all,

What is the Functionality of ..Utilization Determination

Thanks in Advance

Regards

Luckky

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Utilization Determination

Use

In this IMG activity, you specify which CENVAT accounts are to be debited by the Fortnight Utilization of CENVAT report: When the report calculates how much excise duty you must remit, it automatically proposes which CENVAT accounts the duty should be debited to. Here, you specify those defaults.

You can either:

Debit all the excise duty to one account

Debit the excise duty to more than one account, in which case you specify which percentage is to be debited to each account

Example

If you want 50% of basic excise duty (BED) to be debited to the RG 23A account and the remaining 50% to the RG 23C account, you would make the following settings:

Acct name BED perc.

RG 23A BED account 50

RG 23C BED account 50

Alternatively, to debit all of the BED to the RG 23A account, and then RG 23C account, if there is not enough in the RG 23A account, you would make the following settings:

Acct name BED perc. +

RG 23A BED account X

RG 23C BED account X

When you come to run the report, the system takes the RG 23A account because it is the first one you have entered. If this account does not cover the BED, the system takes the RG 23C account instead.