You can create a duty ledger for excise for importers by grouping the ledger under Duties and Taxes.
To create a duty ledger
1. Enter the Name of the duty ledger.
2. Select Duties and Taxes from the List of Groups in the field Under.
3. Select the Type of duty/ tax . For local purchases, select CENVAT . For imports, select CVD .
4. Select the one of the following Duty Head from the List of Duty Heads . All duty masters created will be displayed in the List of Duty Heads .
o The duty heads created.
o Any if you want to use one duty ledger for multiple duty head types.
o New to define your own duty head.
5. Enter the Percentage of Calculation if the duty ledger is created for a specific rate of duty. To use it as a common duty ledger, enter the percentage as zero or leave it blank.
6. Select the required Rounding Method .
7. Press Enter .
8. Press Enter to accept.
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