National Traders is a company dealing with the imports of paints and distempers. They have different duty rates for different types of distempers.
Now let us see how defining stock rate at the group level will simplify the process for National Traders
To define the tariff rate at the stock group level
Go to Gateway of Tally > Inventory Info. > Stock Group >Create.
Enable the option Set/alter excise details in the Stock group creation screen.
a
Enter the excise details and define the duty rate.
Create the stock item under the group for which the duty rate has been defined.
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