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
1. Go to Gateway of Tally > Inventory Info. > Excise Classification > Create.
2. Enter the N ame of the excise classification.
3. Enter the HSN code.
4. Select the Reporting unit of measure from the List of Excise Reporting UoMs. The Valuation type appears by default.
5. Enter the Rate of the tariff.
The completed Excise Classification Creation screen appears as shown below:
6. Press Enter to save.