Recording Sale of Excisable Goods (Excise for Manufacturer)

Sale of excisable goods is recorded using a excise sales invoice. The excise sales invoice provides options to record all statutory information required in excise sales. This will ensure that the sales transaction recorded is ready for filing returns.

ABC Company sold Oval Eye Glasses model T1234 to Lotus Opticals, and the details of the transaction are as below:

Basic Excise Duty of 12.5% is applicable on the sales transaction.

Recording Excise Sales Transaction

To record excise sales transaction

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Select ABC Company as the Tax Unit. The Excise Book Name and the Rule 11 Serial No are displayed automatically.

3.    Enter details as shown in the image below:

4.    Press Enter to save.

Generating Rule 11 Invoice

Printing the excise sales invoice will generate the rule 11 invoice.

To generate the rule 11 invoice

1.    Click P: Print  from the excise sales invoice.

2.    Press Enter in the Voucher Printing screen.