Recording Excise Adjustments (Excise for Manufacturer)

Duty adjustments can be done using journal vouchers.

To adjust duty using journal vouchers

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

2. Click J : Stat Adjustment .

3. Enter Excise as the Type of Duty/ Tax .

4. Select the required Tax Unit from the List of Tax Units .

5. Select the required Excise Adjustment flag to be used in the journal voucher. The Stat Adjustment Details screen appears as below:

6. Select the ledger to be debited and the ledger to be credited, and the amount in the respective fields.

7. Press Enter .

To view more adjustment flags

1. Press F12: Configure .

2. Enable the option Allow All Adjustment Types in the Stat Adjustment screen.

3. Press Enter .

Click a link below to understand the excise adjustment flags in detail:

Adjustment towards Duty Liability

Adjustment towards Miscellaneous Payment (Others)

Adjustment towards Other Payments (Arrears)

Availment of CENVAT Credit (Capital Goods)

Adjustment towards removal As Such (Inputs)

Adjustment towards Rule 10A

Adjustment towards Rule 6

Availment of CENVAT Credit (Capital Goods)

Availment of CENVAT Credit (Inputs)