Answers were Sorted based on User's Feedback
Answer / thomson joseph
There are normally two senarios. One being inventorizing
the excise duty paid to the vendor for the material you
purchased. The other one is that you take credit of the
excise duty paid to the vendor for the raw materials you
have purchased and set off the same duty while clearing
your finished goods.
In the first instance you do not take credit, but load the
excise value to the material value. In the second case the
excise value does not get loaded on to material. Use non
deductable tax codes to inventorize the excise duty.
|Is This Answer Correct ?||13 Yes||2 No|
Answer / b.s.porselvan
First Part-1 update in J1i5 then Part-2 update in J1iex
Part -1 is Quantity
Part -2 is Value (Excise Duty )
|Is This Answer Correct ?||19 Yes||9 No|
Answer / jeeva
Thro FV11 you need to maintain Excise conditions which are
inventorising in nature like JMIP, JECI , JSIP, along with
their set off conditions. ChapID & Cenvat determination
need not be maintained.
|Is This Answer Correct ?||9 Yes||3 No|
Answer / debashish
Actually The account key used in the Excise condition Determines If it will get Inventorised or posted to Cenvat Clearing A/c .If the a/c key is Deductible then It is Setoff condition If not then the Excise value will get inventorised.
|Is This Answer Correct ?||0 Yes||0 No|
Answer / johnson
t code j1iex_c
|Is This Answer Correct ?||10 Yes||12 No|
Answer / ps
Uus proper t code and do the transaction
|Is This Answer Correct ?||0 Yes||7 No|
Answer / mukesh
|Is This Answer Correct ?||0 Yes||12 No|
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