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Definition. A business document, in India, that your vendor sends you when it delivers excisable goods. It lists the goods and states how much excise duty applies on them. Your use the excise invoice to claim back the excise that you have paid from the excise authorities.

At the time when the supply of goods and services materialize. Rate of taxes. As per central excise tariff rules, the rates of excise duty are specified. Currently, the rate of excise duty is 12.36% and it varies according to the type of goods.

Go to Gateway of Tally > F11: Features > Statutory and Taxation . 2. In the Company Operations Alteration screen, set Enable Excise to Yes . 3.

An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).

At the time when the supply of goods and services materialize. Rate of taxes. As per central excise tariff rules, the rates of excise duty are specified. Currently, the rate of excise duty is 12.36% and it varies according to the type of goods.

Recording Importer Exporter Code (IEC) Press F12 (Configure) from the Excise Registration Details screen. Set the option Enable IEC Number to Yes. Press Ctrl+A to save the configuration. Enter the IEC number in the Additional Excise Details section of the Excise Registration Details screen.

Fuel excise taxes Go to the Taxes menu, then Sales tax. Click the Sales tax settings. From the Custom rates section, select Add rate. Enter the details needed, then tap Save.