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CIN Excise Configuration: India Version

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CIN Excise Configuration: India Version
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This explanation will assist people to understand MM Excise Configuration i.e. COUNTRY INDIA VERSION. The explanation will simplify CIN settings to them, especially who are new into this area. The explanation will be as follow:

Country India Version

SAP- COUNTRY INDIA VERSION (CIN) is designed for use by business with operations in India. It comprises function designed specifically for India, a localization implementation guide (IMG), and a country template to help us customize the system according to local requirements.

Most of the country-specific functions for India relate to Financials and Logistics, and center around taxes, including:

  • Excise duty and the central value-added tax system (CENVAT)
  • Tax deducted at source (TDS)
  • Sales tax

Excise Duty:

Excise duty is a governmental levy on specific goods produced and consumed inside a country. In India, Central Excise Act, 1944 governs the excise matters like defining manufacturing, factory, excisable goods etc. In India, excise duty is a tax on the manufacture of goods that is levied when goods leave the place of manufacture.
Manufacturers can set off the duty paid on input materials against their output duty, a procedure known as central value-added tax (CENVAT).

Types of Excise Duty:

Basic Excise Duty

This is the duty charged under section 3 of the Central Excises and Salt Act, 1944 on all excisable goods other than salt which are produced or manufactured in India at the rates set forth in the schedule to the Central Excise tariff Act, 1985.

Special Excise Duty

As per the Section 37 of the Finance Act, 1978 Special excise Duty was attracted on all excisable goods on which there is a levy of Basic excise Duty under the Central Excises and Salt Act, 1944.Since then each year the relevant provisions of the Finance Act specifies that the Special Excise Duty shall be or shall not be levied and collected during the relevant financial year.

Additional Excise Duty

Section 3 of the Additional duties of Excise (goods of special importance) Act, 1957 authorises the levy and collection in respect of the goods described in the Schedule to this Act. This is levied in lieu of sales Tax and shared between Central and State Governments. These are levied under different enactments like medicinal and toilet preparations, sugar etc. and other industries development etc.

Transaction Code :- SPRO

BASIC SETTINGS

  • MAINTAIN EXCISE REGISTRATION 
  • MAINTAIN COMPANY CODE SETTINGS
  • MAINTAIN PLANT SETTINGS
  • MAINTAIN EXCISE GROUPS
  • MAINTAIN SERIES GROUP
  • MAINTAIN EXCISE DUTY INDICATORS
  • MAINTAIN POSTAL ADDRESS
  • MAINTAIN SUBTRANSACTION TYPES
  • DETERMINATION OF EXCISE DUTY
  • CONDITION BASED EXCISE DETERMINATION

MASTER DATA

  • MAINTAIN CHAPTER ID
  • ASSIGN USER TO MATERIAL MASTER SCREEN SEQUENCE

ACCOUNT DETERMINATION

  • DEFINE G/L ACCOUNTS FOR TAXES
  • SPECIFY EXCISE ACCOUNT PER EXCISE TRANSACTION
  • SPECIFY G/L ACCOUNT PER EXCISE TRANSACTION

BUSINESS TRANSACTIONS

  • INCOMING EXCISE INVOICES
  • SUBCONTRACTING
  • EXCISE REGISTER

TOOLS

  • LONG TEXTS
  • NUMBER RANGES
  • MESSAGE CONTROL

EXCISE MATERIAL MASTER DATA

  • MASTER DATA
  • EXCISE STATUS
  • EXCISE RATES

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