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Configure Masters for Customs Duty (Excise for Importer)

You can configure the ledger, group and voucher class for customs duty. 

Configuring a Ledger for Customs Duty

You can set the custom duty details at ledger level by creating a new ledger or altering an existing one.

To configure ledger for custom duty

1. Gateway of Tally > Create > type or select Ledger > and press Enter.
   Alternatively, press Alt+G (Go To) > Create Master > Ledger > and press Enter.
2. Enter Name of custom duty ledger.
3. Select Indirect Expenses in the field Under.
4. Press F12 (Configure) in Ledger Creation screen.  
   • Set the option Allow method of appropriation (used in purchase invoice) to Yes.
   • Press Enter to save.

     Note: Enabling this option will ensure the ledger is used in cost allocation in purchase invoice.

5. Set the option Inventory values are affected to Yes.
6. Select Type of Ledger to Not Applicable.
7. Select Appropriate by Qty in the field Method of appropriation in purchase invoice.
8. Define Statutory Information, Mailing Details and Tax Registration details, as required. The completed Ledger Creation screen appears as shown below:
   
9. Press Enter to save.

Configuring a Voucher Class for Customs Duty

You can create a ledger classification for customer duty applicable for excise for importers. To configure a voucher class, alter the purchase voucher type and make the necessary changes.

To create a classification for ledgers for custom duty

1. Gateway of Tally > Alter > type or select Voucher Type> and press Enter.
   Alternatively, press Alt+G (Go To) > Create Master > Voucher Type > and press Enter.
2. Select Purchase from the List of Voucher Types.
3. Select General and Printing, as required.
4. Enter Name of Class. The Voucher Type Class screen appears.
   • Select groups to include or exclude from the class.
   • Select the Purchase ledger in the field Ledger Name.
   • Select the customs duty ledger in the Ledger Name for Additional Accounting Entries.
   • Select Based on Quantity as the Type of Calculation.
   • Define Value Basis, Rounding Method, Rounding Limit and Remove if Zero, as required. 
5. Press Enter to save.

Configuring a Group for Customs Duty

You can create a separate group with a name like ‘Import Duties’ under Indirect Expenses for custom duty.

To create a custom duty group

1. Gateway of Tally > Create > type or select Group> and press Enter.
   Alternatively, press Alt+G (Go To) > Create Master > Group > and press Enter.
2. Enter the Name for the group.
3. Select Indirect Expenses in the field Under.
4. Provide other details, as required.
5. Set the option Set/alter excise details to No. The completed screen appears as shown below:
6. Press Enter to save.

Allocating Customs Duty to Cost of Items

On the ledger creation or alteration screen, press F12 (Configure) and enable the option Allow method of appropriation (used in purchase invoice)? to use the same for cost allocation.

Automating Calculation of Customs Duty

You can automate the calculation of custom duty, CVD (Countervailing Duty) or any additional duty on imports and clear the goods under Bill of Entry by defining the rate at the ledger master level for each of the duty type.

Select this ledger master along with the stock item while recording a purchase invoice.