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Sale to SEZs [Excise for Manufacturer] in Tally.ERP 9

To account sale made to units from Special Economic Zones, use one of the following Natures of Removal:

  • SEZ/Bond

  • SEZ/LUT

  • SEZ/Rebate

The first two options are used for recording sales made without charging duty. The third option is used for recording sale made by charging duty. If a manufacturer makes a sale to a unit located in SEZ then the transaction is treated as exports except for the requirement that the manufacturer need not issue a Commercial Invoice in foreign currency

Example: On 8-4-2013, ABC Company sold 500 nos. of Jute Bags to Indian Jute Ltd., an SEZ unit. Sales invoice needs to be recorded for the same.

Step 1: Create the SEZ buyer's  Ledger

Click here to learn how to create the ledger for Indian Jute Ltd.

Note: From the manufacturer’s point of view, the Nature of Removal needs to be selected either SEZ/Bond or SEZ/LUT or SEZ/Rebate. These Natures of Removal are not available for selection at the Ledger Creation level. However these will be available while recording the entry.

Step 2: Create a Sales Ledger

Click here to learn how to create a sales ledger. Name the sales ledger Sales - SEZ.

Step 3: Record Excise Sales Invoice

Go to Gateway of Tally > Accounting Vouchers  > F8: Sales

  1. In Voucher Type sub-screen select Excise – Sales

  2. Ensure that the Sales Voucher is in Item Invoice mode

  3. Enter the Date as 8-4-2013

  4. Enter reference number, if any, in the Ref field

  5. The Excise Unit field will be pre-filled with the Excise Unit selected while creating the Excise Sales voucher

  6. Excise Book Name field displays the name of the excise invoice book created for the Excise Unit

  7. Serial No. field displays the Rule 11 invoice Number

  8. In Party A/c Name field select Indian Jute Ltd. from the List of Ledger Accounts

  9. In the Party Details screen, select  Nature of Removal as SEZ/LUT. Fill in the other details as required, and accept the screen

  10. The option Nature of Removal in the Voucher Creation screen will be set to SEZ/LUT

Note: The manufacturer can select the Nature of Removal as SEZ/Bond incase the goods are being cleared under Bond. SEZ/Rebate can be selected to clear goods by charging Excise Duty. 

  1. In Notification Number field enter the notification under which the goods are exported. If the Notification number is specified while creating the party ledger application will capture the details from party ledger

  1. In Sales Ledger field select the sales ledger Sales - SEZ from the List of Ledger Accounts

  2. In Name of Item field select the Stock Item i.e. Jute Bags

  3. In the Quantity field enter the number of units being exported. That is, 500 nos.

  4. In Rate field enter the rate as 16. Amount will be calculated automatically

  5. Enable Set/Alter ARE Details. Enter the details as required in the Form ARE Details sub-screen:


[Img-257]

  1. Enable the option Show Statutory Details, if you want to view the duty details

  1. Press Enter to accept the screen and return to Voucher Creation screen

The completed entry appears as shown:


[Img-258]

  1. Press Enter to save

Printing Rule 11 invoice

To print Rule 11 Invoice,

In the Voucher Printing screen, set Print ARE-1 to No.

The print preview will appear as shown:


[Img-259]

Note: The ARE-1 number will be captured in Rule 11 invoice.

 

Printing Form A.R.E. 1

From the Voucher Alteration screen, press Alt+P

The Voucher Printing screen appears:


[Img-260]

  1. Set Print ARE-1 to Yes

  2. Enable the other options if required

Note: (i) If the goods are dispatched under ‘Self Sealing and Certification’, then the same needs to be certified accordingly. Hence the need to enable the optionShow Self-sealing and Certification. Otherwise this option is set to No

       (ii) Incase if the manufacturer would like to mark the ARE-1 with the details as ‘Export under EPCG / Advance License’ scheme then the option Is Clearance under Export Promotion Scheme has to be set to Yes

Form A.R.E. 1 will be printed as shown:

Page 1


[Img-261]

Page 2


[Img-262]

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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