Excise classification is the excise tariff master in which details of tariff, duty, notifications, and so on can be provided.
To create an excise classification
Go to Gateway of Tally > Inventory Info. > Excise Classification > Create
Enter the Name of the excise tariff.
Enter the HSN Code of the tariff.
Select the Reporting UOM from the list displayed.
The Valuation Type is preset to Ad Valorem. This can be changed by selecting the required Valuation Type.
Enter the Rate of duty.
The completed Excise Classification Creation screen appears as shown below:
You can define excise details based on the date of applicability, if required.
Click a link below to configure the excise classification:
Configuring Selection of Tariff Type
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