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
Go to Gateway of Tally > F11: Features > F3: Statutory and Taxation.
Set the option Enable Excise to Yes.
Set the option Set/alter excise tariff details to Yes in the Excise Details screen.
The Excise Registration Details screen appears as shown below:
Enter the excise details and define the duty rate.
The Excise Tariff Details screen appears as shown below:
Press Enter to save.
Press Enter to save the Excise Registration details.
Create a duty ledger with the Type of Duty as CENVAT and the Duty Head as Countervailing Duty.
On selecting the duty ledger created in a transaction, the duty rate is calculated.
'Defining Tariff Rates at Company Level (Excise for Importer)' has been shared with
