CIN-Making Adjustment Postings for Additional Excise Paid by Vendors

Making Adjustment Postings for Additional Excise Paid by Vendors

Use

You follow this procedure if a vendor has increased the amount of excise duty that it originally charged you and you want to debit the difference to your CENVAT account.

Procedure

1. From the SAP Easy Access screen, choose Indirect Taxes ® Excise JV ® Create ® Additional excise.
2. Enter data as required.

In the Document number field, enter then number of the document sent to you by the vendor.

3. Choose .
4. Adjust the posting date as necessary.
5. Enter the amount of excise duty in either of the following ways:

o To enter line items for different materials and the excise duty accordingly, choose and enter the line items in the table.
o To enter the excise duty only, choose and enter the excise duty in the totals fields at the foot of the screen.

6. If the duty qualifies as countervailing duty (CVD):

1. Select CVD applicable.
2. Enter the CVD amount in the BED amount field.

7. Specify which G/L accounts are to be posted to.

Save the adjustment posting.