| # Excise Data Excise duty is levied on the items listed in the Central Excise Tariff Act. Each excisable item must have a unique HSN code defined in complaince with the Chapters, Headings, Sub-headings and the tariff code of the Central Excise Tariff Act. You can specify the item data specific to India localization, in the Item Data for Indian Localization (tcibd9137m00l) session. Each manufacturer or dealer must register with the excise authorities and maintain a unique Excise Control Code (ECC) for each warehouse, purchase office or sales office that deals with excisable goods. The details of the excise offices must be maintained in the Excise Range By Address (tccom9138m00l) session. The ECC codes of your organization are maintained in the Registration Numbers By Financial Company (tctax9140m00l) session and the ECC codes of your business partner are maintained in Registration Numbers by Business Partner (tctax4100m000) session. You must specify the reason code for goods moved out of a warehouse in the Reason for Removal (tcmcs9135m00l) session. An excise registered warehouse must maintain excisable transactions sequentially, in the following registers: RG 23A/C registers RG 1 register RG 23D Folio Part II of RG 23A/C register Sales Quotations and Contracts The sales quotation lines and sales contract lines of an excisable item must include the excise details such as assessable value, ECC code and so on. When a quotation line is converted to sales order line, Infor ERP LN defaults the tax details from the sales quotation to the sales order line. Similarly, when a sales order line is linked to a sales contract line, the tax details are defaulted from the sales contract line. The history of the sales quotations and sales contracts must also include the tax details. Purchase Request for Quotations and Purchase Contracts The purchase contract lines and purchase contract price revisions of an excisable item must include the excise details such as assessable value, ECC code and so on. The request for quotation for an excisable item must include the tax details. A new field Import RFQ is introduced to distinguish between import RFQ and domestic RFQ. The domestic RFQ must be created in the home currency of the financial company. The import RFQ must include the import details such as weight, volume and so on. Excise details in warehouse order lines The inbound order lines contain the excise details such as assessable value, ECC code and so on. When the order origin is Purchase Order, Infor ERP LN defaults the excise details from the purchase order line and the inbound order lines are disabled. When the order origin is Transfer or Transfer (Manual), Infor ERP LN defaults the excise details from the outbound order line. |