Excise Module
  • Excise
  • Features
  • Reporting System

      There are various taxes levied upon industries. Of them, Excise duly is an indirect tax that is levied and collected specifically on goods manufactured in India. Every person who manufactures or produces goods, carries on trade or holds warehouses for excisable goods is required to get himself registered with the Central Excise Department. The procedures have to be followed as per the Central Excise Act, 1944 and Excise rates are governed by the Central Excise Tariff Act, 1985. Excise Module of IMMS, helps an organization fulfill its statutory requirements according to the latest government regulations.

Salient Features of Excise Module

  • Maintains multiple Documents for Treasury Deposit Transaction. 'TR6 Challan Form' can be printed using this information. Details includes    Sample
    • Document Details such as the Financial Year, Unique Document Number and Transaction Date.
    • Duty Amount for
      • Basic Excise Duty
      • Education Cess
      • Higher Education Cess
      • Others
    • Remarks if any
    • Whether the duty amount mentioned in 'Others' type of Excise Tax should be credited in PLA account or not.
  • Maintains Documents for Export Invoices. 'ARE1' can be printed using this information. Details include    Sample
    • Document Details such as the Financial Year, Unique Document Number and Transaction Date.
    • Customer for which the ARE1 document has to be prepared. Only the customer who deals in foreign currency can be selected.
    • A list of pending export invoices against which the ARE1 document is yet to be made for the selected customer.
    • Other details for the particular Document such as
      • Export Under
      • Export By
      • Export Benefits
      • Shipment Port
      • Shipping Bill Number
  • Option to Authorize Goods Receipt Notes for excisable items for Part-I (Quantity)
    • Excisable items can be Production Material or Capital Goods.
    • In case of Production Material and Capital Goods
      • A list of authorized Goods Receipts Notes is displayed to select from. Other related information such as Invoice details, GRN details, Vendor and Amount of each Excisable Tax is displayed for reference.    Sample
      • A list of items belonging to the selected GRN along with its GRN quantity is display
      • Option to change the 'Excisable Quantity' for an item in case it is not same as GRN quantity.    Sample
      • New Excise Amount is calculated automatically as per the entered 'Excise Quantity'.
    • In case of Services
      • A list of Service Bills passed through Finance Module is displayed to select from. Other information such as Voucher details, Bill details, Vendor and Amount of each Service Tax is displayed for reference.
      • A list of items belonging to the selected Voucher can be seen for reference.
    • Once authorized, RG23A Part-I can be generated for Production Materials, RG23C Part-I can be generated for Capital Goods and RG23S Part-I can be generated for Services.
  • Option to Authorize Goods Receipt Notes for excisable items for Part-II (Value)
    • Excisable items can be Production Materials or Capital Goods.
    • Goods Receipt Notes that have been authorized for Part-I but pending for Part-II are displayed to authorize.    Sample
    • In case of Services
      • A list of Service Bills passed through Finance Module that are pending for Part-II is displayed to select from. Other information such as Voucher details, Bill details, Vendor and Excise Amount is displayed for reference.
    • A list of items belonging to the selected Voucher can be seen for reference.
    • Once authorized, RG23A Part-II can be generated for Production Materials, RG23C Part-II can be generated for Capital Goods and RG23S Part-II can be generated for Services.
  • Option to Authorize Duty free Goods Receipt Notes.
    • A list of authorized duty free Goods Receipts Notes is displayed to select from. Other related information such as Invoice details, GRN details and Vendor is displayed for reference.    Sample
    • A list of items belonging to the selected GRN is displayed.    Sample
    • Option to enter Excise Amounts for an item.    Sample
    • Individual total of Excise Amounts entered for all items is displayed.
    • Once authorized, details are reflected in Bond-17 Register.
  • Maintains Bonds issued by the Government. Details include    Sample
    • Bond Number and Date
    • Bond Issued By
    • Bond Type
    • Validity of Bond in terms of Date Range
    • Validity Criteria such as Quantity, Value, Excise Duty, Bank Guarantee
    • Closing Values for Quantity, Value, Excise Duty, Bank Guarantee
  • Posting of Sales Invoice for the purpose of Excise.    Sample
    • A list of excisable Sales Invoices pending for posting is displayed for the entered date range.
    • Date of Posting is maintained.
    • Invoice details include Invoice number and date, Invoice Value, Excise Amounts and Invoice Type.
    • Option to adjust Excise Amounts for the selected Sales Invoices.
    • Balance Amount of each Excise Tax for PLA, RG23A and RG23C is displayed for reference.
  • Option to enter Debit or Credit Excise Amount against PLA, RG23A, RG23C, RG23S and Bond. Balance Amount available in each Excise Tax is displayed for reference.
  • Apart from Purchase and Sales related Excise postings, integration of Excise Module with other modules of IMMS allows posting data in relevant excise registers and reports automatically.

Reporting System of Excise Module

  • RG23A Part-I Report
  • RG23C Part-I Report
  • RG23A Part-II Report
  • RG23C Part-II Report
  • RG23S Part-I Report
  • RG23S Part-II Report
  • Capital Goods Credit Pending
  • Labor Job Gate pass Register
  • Daily Stock Account Report
  • Sales Return Register
  • CenVat Availment Report
  • Sales Register
  • Print for TR6
  • Print for ARE1
  • Print for ER1
  • PLA Register
  • Performa for Monthly Report
  • Bond Register
  • Bond B-17 Register
  • Stock Statement for Excise   Sample
  • Stock Difference Inventory Vs Excise   Sample
  • GRN wise Difference Inventory Vs Excise   Sample
    

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