Setting Excise Details

To set excise/tariff details

1. Enter Tariff Name.

2. Enter HSN Code.

3. Select the Reporting UOM.

4. The cursor skips the field Valuation Type. To modify it, click F12: Configure.Enable the option Allow Modification of Valuation Type.

5. Enter the Rate of duty.

6. Press Enter

To create non-dutiable classifications

1. Go to Gateway of Tally > Inventory Info. > Excise Classification > Create.

2. Enter Tariff Name.

3. Enter HSN Code.

4. Select the Reporting UOM.

5. Select the Type of tariff as Non-Dutiable.

6. Press Enter.

7. Press Enter to save.

You can record excise details based on the date of applicability for different periods, if required.

To modify valuation types when creating a dutiable tariff

1. Press F12: Configure

2. Enable the option Allow Modification of Valuation Type?

3. Press Ctrl+A

4. Select the Valuation Type, as required.

To configure tax on MRP

1. Press F12: Configure.

2. Enable the option Allow tax based on MRP.

3. Press Ctrl+A.

4. Set the option Calculate Duty on MRP in the Excise classification creation  screen.