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What Is Excise Tax And How Is It Related To The System? |
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Answer» The excise tax or excise DUTY is a type of tax which is charged on the goods that are produced for selling within a country. It is different from the customs duties which are charged on IMPORTED goods. As per the system guidelines, the procedure of excise tax calculation is country-specific. Therefore, the ERP software, which are implemented in India, have built-in Country India (CIN) VERSION. You need to CONFIGURE CIN for excise tax calculation. The excise tax or excise duty is a type of tax which is charged on the goods that are produced for selling within a country. It is different from the customs duties which are charged on imported goods. As per the system guidelines, the procedure of excise tax calculation is country-specific. Therefore, the ERP software, which are implemented in India, have built-in Country India (CIN) version. You need to configure CIN for excise tax calculation. |
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