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https://help.tallysolutions.com/docs/te9rel51/Tax_India/Excise_Importer/Defining_Tariff_Rates_at_company_level.htm

Defining Tariff Rates at Company Level

ABC company is an electronics company dealing with the import of laptops. They import only 12 inch Windows 8 laptops. Let us see how excise tariff can be defined and applied in a scenario like this.

To define tariff  rate at the company level

  1. Go to Gateway of Tally > F11: Features > F3: Statutory and Taxation.

  2. Set the option Enable Excise to Yes.

  3. Set the option Set/alter excise tariff details to Yes in the Excise Details screen.

The Excise Registration Details screen appears as shown below:

  1. Enter the excise details and define the duty rate.

The Excise Tariff Details screen appears as shown below:

  • Press Enter to save.

  1. Press Enter to save the Excise Registration details.

Creating Duty Ledger

  • Create a duty ledger with the Type of Duty as CENVAT and the Duty Head as Countervailing Duty.

Using the defined duty rate in a transaction

On selecting the duty ledger created in a transaction, the duty rate is calculated.

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