Setting Excise Details (Excise for Manufacturer)

Excise details such as tariff, non-dutiable classifications, MRP and so on can be configured at company level or as separate masters.

To set excise/tariff details

1. Enter Tariff name .

2. Enter HSN code .

3. Select the Reporting unit of measure .

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

5. Enter the Rate of duty.

6. Press Enter to save.

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 unit of measure .

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

6. 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 to accept.

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 to accept.

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