Excise Monthly Utilization process
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This document outlines the excise utilization business process. It involves apportioning excise duty payables between available input credit registers (RG23A, RG23C, and PLA) and paying any remaining balance via a TR6 challan. If the available balances are insufficient, the payable amount is apportioned between the registers. An accounting document is generated and registers are updated based on the apportionment. A cheque and TR6 challan are then prepared in the financial system to pay the excise authorities, updating the PLA register and completing the process.
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For more information please visit www.salienterp.com or email at info@salienterp.com
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Excise Monthly Utilization process
- 1. Excise Utilization Business Process 10/23/13 1
- 2. Perform the Excise Utilization Excise duty payable on Customer Invoice Input Credit from Vendor Material Purchase RG23A Input Credit from Vendor Capital Purchase (50%) RG23C Total Available Balances Total Excise duty payable PLA Balance Is the Balance Sufficient TR6 Challan Payment NO Yes Apportion the payable amount between the Registers RG23A, RG23C & PLA Post the Utilization Accounting document generated & Registers updated based on Amount apportionment 10/23/13 2
- 3. Prepare Cheque & TR 6 Chllan Post Accounting document in FI to post the payment Banker Transfer the Banker Transfer the funds toExcise funds toExcise Authorities and Authorities and Acknowledge the Acknowledge the TR 66 Chllan TR Chllan Excise PLA A /c Dr House Bank A/c Cr Create Excise JV - PLA updation TR6 Challan (J1IH ) Enter the Accounting Doct. or TR6 Challan No., FY, Plant, Excise Group, etc., Allocate the TR6 Challan Amount as per TR6C i.e. BED / AED / SED Update the PLA Register & Accounting Document Posted EXCISE BED Dr Excise PLA A/c Cr 10/23/13 3
Editor's Notes
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