Recording Accounting for Internal Supplier Excise Invoices

For the internal supplier excise invoices, the Excise Invoice Posting subprocess creates accounting entries for the CENVAT Value - Raw Material register (for raw materials) and the CENVAT Value - Capital Goods register (for capital goods). Run this subprocess using the Register Update process page. Once the Excise Invoice Posting subprocess creates the accounting entries, the new details of posting date and accounting document reference are stored in the internal excise invoice table.

This subprocess retrieves each receipt line from the internal supplier excise invoice table and performs the following validations before posting:

• Confirms the Excise Quantity Register Update subprocess was successfully completed.

• Verifies the receipt quantity on the receipt matches the internal supplier excise invoice table.

Customs duties are applied to good imported into India.

Customs Duties

The Excise Invoice Posting subprocess records customs duties instead of excise taxes for each receipt from an imported item by crediting the CENVAT Clearing Imports ACD account and debiting the appropriate CENVAT account. The CENVAT accounts are the ChartField combinations listed on the Tax Location - ChartFields page by Excise Account Type.

Item Tax Type	Excise Account Type to Debit	Excise Account Type to Credit	Source Register
R (raw materials)	CENVAT on Raw Materials	CENVAT Clearing Imports ACD account	CENVAT Value - Raw Material
C (capital goods)	CENVAT on Capital Goods And CENVAT Hold on Capital Goods (Split based on percentage in Tax Location - Excise Group page)	CENVAT Clearing Imports ACD account	CENVAT Value - Capital Goods