The computation section in Form ER 8 report in TallyPrime gives the breakup of duty payable, and CENVAT credit available for given period.
The assessable value and duty value of transactions recorded by selecting the following nature of Removal appears here.
- Home Clearance with nature of removal as Captive Consumption, Domestic, Special Rate and Exempt (removal as such transaction is appearing in duty-wise breakup only).
- SEZ /Bond
Press Enter on any Nature of Removal to view the details of all transactions captured in the Duty Payable section of Form ER 8 report.
To view the item-wise report with duty breakup, click F7: Duty Break-up button. Provision to view this report based on tariff-wise duty breakup is provided through toggle button F8: Stock Item (Tariff). Using the toggle button, the report can be displayed stock item-wise or tariff-wise for the excise unit selected in Form ER 8 report. The description of the Duty Payable report is given below:
CETSH No.: The Central Excise Tariff Heading (CETSH) number is of 8 digits defined in the tariff master linked to the stock item selected while recording transactions of clearances is displayed here.
Description of Goods: The name of tariff master linked to the stock item selected while recording transactions of clearances is displayed here. On viewing the item-wise report, the name of stock item appears here.
UOM: The reporting UOM defined for the stock item selected while recording transactions of clearances is displayed here.
Opening Balance: The opening stock balance defined for the stock item selected while recording transactions of clearances is displayed here.
Qty. Mfgd: The quantity of stock items manufactured is displayed here.
Note: Although the manufactured quantity is displayed here, the transaction of excise manufacturing journal will not be displayed.
Qty. Cleared: The quantity cleared/ removed from the excise unit by raising an excise sales invoice is displayed here.
Closing Balance: The quantity of stock items remaining in the excise unit as closing stock is displayed here.
Closing balance = Opening Balance – Quantity Cleared
Nature of Removal: The nature of removal selected while recording transaction of excise clearance is displayed here.
Notification Number: The notification number provided for transactions recorded by selecting the following nature of removal is displayed here:
- Special Rate, Domestic, Captive Consumption and Exempt categorised as Home Clearance
- Export or Export/LUT
- Export – Duty Chargeable categorised as Export/Rebate
Notification Sl. No.: The serial number provided for the notification number in the transaction is displayed here.
Assessable Value: The assessable value provided for the stock item in the transaction recorded for clearance is displayed here.
Duty Amount: The breakup of basic excise duty, education cess and secondary and higher education cess and the total amount of duty is displayed here.
Press Enter on any transaction displayed in Duty Payable report with or without Duty Breakup to view the transactions listed in the chosen clearance category.