Regarding excise duty for inventory movement

2009-08-05
2013-05-02
  • Parag Patil
    Parag Patil
    2009-08-05

    Hi,

    I am implementing Compiere for Indian Company, so I want to know, is it possible to creat Account Element (Excise Expense and Excise Expense in Transit in my case) and make credit and debit entries, while moving the inventory from one locator to another located at different locations.

    While moving the goods, the excise duty will be charged on goods say 10% of the total consignment. So in Inventory movement, when I move products from one location to another, I want to make debit and credit entries in the Excise expense and Excise esxpense in Transit account respectively.

    Moreover, I want to generate the invoice for the same.

    Please let me know if this is possible and how.

    Thanks and Regards,
    Parag Patil.

     
    • albert
      albert
      2009-08-05

      Moreover, I want to generate the invoice for the same. >> Yes

      Please let me know if this is possible and how. >> How about tranning coruse for you.