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Excise Duty
Implementation in BUSY

Overview of Excise Duty

Excise duty is an indirect tax levied on goods produced or manufactured within a country. In other
words, it is a duty on goods that are manufactured locally for domestic consumption. It is charged
whenever the goods are moved from their principal place such as factory or godown even if the
movement of goods is for stock transfer. Being an indirect tax, it is collected by the manufacturer and
deposited with the government. The manufacturer passes on the burden of the duty to the consumer
in the form of increased cost price.

Excise duty comes under the purview of Central Government and thus, the Central Government is
responsible for levy and collection of excise duty. Excise duty is popularly known as Central Excise.

Central Excise Duty is the single biggest source of revenue for the Central Government.
To manufacture excisable goods it is necessary for the manufacturer to register with the Central Excise
authority.

Basis for Levy and Collection of Excise Duty

When a new commodity is manufactured excise duty is levied but the duty is collected only on the
removal of the goods. In other words, when the manufactured goods are removed for the purpose of
sale or consumption excise duty is levied.

Let us understand with the help of a case scenario.

Ahead Cars is a car parts manufacturing concern based in Delhi.
 On April 15, 2005 it manufactured 1,500 car parts comprising of car seats and engine parts.
 On April 25, 2005 it sold all the 1,500 manufactured car parts to a dealer based in Delhi.
In this case, excise duty will be levied on the manufactured goods on April 25 since the goods were
removed (sold) on this date. Thus, as soon as the goods are produced or manufactured they are liable
for excise duty but the excise duty is collected only at the time of removal of the goods.

Although the final burden of excise duty falls on the consumer in the form of price hike but the liability
to collect and deposit excise duty with the Central government is on the producer or manufacturer.

There are different types of excise duties that are levied depending on the goods under consideration.
Let us discuss the types of excise duties in detail.

Types of Excise Duty

There are three types of Excise duties levied in India. These are:
 Basic Excise Duty
 Additional Excise Duty
 Special Excise Duty

Basic Excise Duty

Basic Excise Duty (BED) is charged as per Section 3 of Central Excises and Salt Act 1944 on all
excisable goods other than salt, which are produced or manufactured in India at the rates set forth in
the Schedule to the Central Excises Tariff Act, 1985.

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Additional Excise Duty
Additional Excise Duty (AED) is charged as per Section 3 of the Additional Duties of Excise Act 1957 on
the goods described in the Schedule to this Act. AED is charged in lieu of Sales tax and it is shared
between Central and State Governments.

Special Excise Duty

Special Excise Duty (SED) is levied on all excisable goods that are subject to BED under the Central
Excises and Salt Act 1944. Each year the relevant provisions of the Finance Act specify whether SED
will be levied and collected during the relevant financial year.

We have discussed the broad outline of the excise duty system. Let us now discuss the working of the
excise duty system.

Working of the Excise Duty System

Under the excise duty system, the manufacturer produces, sells the goods, and collects the
appropriate excise duty. Further, the manufacturer deposits the excise duty collected with the Central
Government.

The Central government needs to exercise control over excise duty collection to keep a check on the
payment of excise duty. For this purpose the manufacturer need to maintain certain registers
depending on the type of excise reporting that the manufacturer comes under.

Types of Excise Reporting

Excise reporting refers to how a manufacturer reports the collection of excise duty. In other words, the
type of registers that the manufacturer maintains comprises excise reporting.

There are two types of Excise Reporting:

1. Manufacturing Excise Reporting
2. Trading Excise Reporting

The basic differentiator between the two types of excise reporting is the nature of the transactions
carried out by the manufacturer/dealer.

Let us understand with the help of diagrammatic representation.

Ahead Cars  Fast Wheels  Today Cars  Go Cars

(Manufacturer) (Dealer) (Manufacturer) (Dealer)

In this case scenario, Ahead Cars and Today Cars are manufacturing concerns that produce car parts.
These concerns pay excise duty on purchase of raw material and collect excise duty on the sale of the
goods. Thus, they will maintain manufacturing excise reporting.
On the other hand, Fast Wheels is a trading concern (dealer) that purchases excisable goods and pays
excise duty but when it sells the goods it cannot collect excise duty. The trading concern (dealer)
cannot collect excise duty on sales because the trading concern simply passes on the goods to a
further manufacturer or dealer. It has not produced a new product and thus cannot charge excise
duty. In such a case, Fast Wheels will come under trading excise reporting. Similarly, Go Cars is a
trading concern (dealer) that will come under trading excise reporting.

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Note: The terms trading concern and dealer have the same meaning. Both the terms mean a middle
business entity in the chain of transactions. These terms have been used interchangeably in the
document. Similarly, the terms manufacturing concern and manufacturer have the same meaning and
have been used interchangeably in the document.

To summarize we can say that if a manufacturer collects excise duty on sale of goods then
manufacturing excise reporting is applicable. On the other hand, if a manufacturer/dealer does not
collect excise duty on the sale of goods then trading excise reporting is applicable.

Typically speaking, manufacturers come under manufacturing excise reporting while the dealers come
under trading excise reporting. Thus, we can conclude that the type of excise reporting applicable
depends on whether excise duty is collected on the sale of goods.

Let us now discuss the working of the two types of excise reporting in detail.

1. Manufacturing Excise Reporting

For manufacturing excise reporting there are primarily eight registers that are required. These are:
1.1 Personal Ledger Account
1.2 Excise Duty Register
1.3 RG 23A II
1.4 RG 23C II
1.5 RG-23A1
1.6 RG-1
1.7 Form ER-1
1.8 CENVAT Return
Let us discuss these registers in detail.

1.1 Personal Ledger Account

Details regarding the deposit and the adjustment of the excise duty are recorded in a register called
Personal Ledger Account, popularly known as PLA. PLA is the record of the amount deposited by the
manufacturer with the excise authorities for payment of excise duty. PLA is to be maintained in the
prescribed form for each excisable good. Each debit and credit entry must be made on a separate line
and assigned a running serial number for each financial year.

There are two methods of maintaining the PLA account. One is where advance payment is made into
PLA account and second is where payment is made into PLA account as and when the excisable goods
are sold. We will discuss both the methods in detail.

Let us start with the first method. Unlike Sales Tax in which the tax is first collected and then
deposited, excise duty is first deposited and then collected i.e. an advance payment of excise duty is
deposited in banks irrespective of whether any sale or consumption of goods has taken place. Excise
duty can be charged on sales only after an advance payment has been deposited in the bank.

When the assessee (manufacturer) deposits any amount with the Central Excise authorities for
payment towards excise duty, he makes a debit entry in the PLA. At the time of sale or consumption of
excisable goods, the assessee pays the duty determined by him by making a credit entry in the PLA.
The balance in the PLA at a given point of time is the amount available for future payment of excise
duty. If any goods are sold or consumed without a credit entry or without adequate debit balance in
the PLA, they will be treated as goods sold or removed without payment of duty. Excise Duty can be
charged on sale or consumption only when PLA register has a debit balance.

This is the first method. Earlier it was mandatory to make an advance payment into PLA but now it is
not mandatory.

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In the second method, payment into the PLA account is made as and when excisable goods are sold.
Thus, the only difference between the two methods is that no advance payment in PLA account is
required in the second method. Everything else remains the same in both the methods.

Let us understand with the help of an example.

On April 1, 2005, PLA has a balance of Rs. 100,000. On April 4, goods are sold and excise duty
amounting to Rs. 50,000 is collected. The excise duty collected is adjusted against the PLA balance of
Rs. 1,00,000.

Given here in the table format is the balance in PLA account and the corresponding adjusted excise
duties on sales.

Date Type of Excise duty on Balance in the PLA

transaction sales to be after the
adjusted adjustment
1-4-05 None 0 1,00,000
4-4-05 Duty Adjusted 50,000 50,000

1.2 Excise Duty Register

In Excise Duty register, details of sale transactions on which excise duty has been collected are
entered. For example, Ahead Cars produces and sells car parts to another dealer. It collects excise
duty on the sale made. Such a transaction will be entered in the Excise Duty register.

Before we move onto the next register under manufacturing excise reporting, let us discuss a case
scenario. We will continue with the case scenario for Today Cars.

Today Cars, a manufacturing concern, purchases raw material from Ahead Cars, another
manufacturing concern and pays excise duty on the purchase. Further Today Cars processes the raw
material into a finished product and sells it. On this sale excise duty is levied. This process subjects the
raw material to double excise duty, since excise duty is levied twice, once on purchase and once on
sale. This results in double taxation, leading to the cascading effect on the price of the final product.

To avoid double taxation, the government has allowed the set-off of excise duty collected on the
finished product against excise duty paid on purchase of raw material. In this case, the manufacturer,
Today Cars, can claim input excise duty paid on the purchase and set off the output excise duty
collected. This system of setting off the output excise duty is similar to that in VAT and thus this
system is called MODVAT, an abbreviated form for Modified VAT.

To set-off the output excise duty against input excise duty, the details of the appropriate purchase
transactions have to be recorded in a register, RG 23A II. Let us discuss this register in detail.

1.3 RG 23A II

For purpose of claiming input excise duty credit on raw material a register, RG 23A II, is maintained.
In this register details of the purchase transaction for raw materials only are entered. These purchase
transactions are those on which excise duty has been paid.

Let us understand with the help of a case scenario. We will continue with the case scenario of Today
Cars.
 On May 15, 2005 Today Cars purchased raw material worth Rs. 50,000 from Ahead Cars, a
manufacturing concern and paid excise duty amounting to Rs. 5,000.

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 Today Cars processed the raw material and manufactured 100 car parts. On 30 May, it sold the
car parts @ Rs. 600 to Go Cars, a trading concern (dealer) and paid excise duty amounting to
Rs. 6,000.

Note: For this example, we assume that the Ahead Cars, the manufacturer has not paid any excise
duty on the purchases. This is done to simplify the example.

Let us have a look at the cost price and selling price given here in the form of a table for the business
entities in the chain.

Elements/Business Ahead Cars  Today Cars 

Entity (Manufacturer) (Manufacturer)
Cost Price (manufacturing 50,000 50,000 (do not include excise
cost/Procurement cost) duty paid on purchase in the
cost)
Value Added N.A. 10,000
Selling Price 50,000 50,000 + 10,000 = 60,000
Excise Duty (10%) 5,000 6,000
Total (MR.P.) 50,000 + 5,000 = 60,000 + 6,000 = 66,000
55,000
Excise Duty paid on N.A 5,000
purchase
Excise Duty collected 5,000 6,000
(payable) on sales
Net Excise Duty payable N.A. 6,000 - 5,000 = 1,000
(Excise Duty Collected –
Excise Duty Paid)

In this case scenario, for Today Cars the input excise duty paid is Rs 5,000 while the output excise
duty is Rs. 6,000. Since the manufacturing concern paid excise duty on the purchase of raw material it
can set off the output excise duty against input excise duty paid. Thus the net excise duty payable is
Rs. 1,000 (6,000 – 5,000).

Note: Do not include the excise duty paid on purchase in the cost for Today Cars. If the excise duty is
included then it will lead to double taxation.

The Central government allows the facility of set-off against the input excise duty paid. Let us assume
that the manufacturer has paid excise duty in advance and at the time of purchase and sale he makes
the appropriate adjustments.

In this case scenario, let us assume that Today Cars made an advance payment of excise duty
amounting to Rs. 5,000. It recorded this entry in the PLA. There was a transaction for purchase of raw
material on which excise duty amounting to Rs. 5,000 was paid was recorded in the RG 23A II
register. In addition, there was a sale transaction on which excise duty amounting to Rs. 6,000 was
collected was recorded in the Excise Duty Register. Consequently, adjustment for excise duty
amounting to Rs. 1,000 (6,000 – 5,000) was made in the PLA Account. Now the PLA account has a
balance of Rs. 4,000.

RG 23A II records the transactions for raw materials only. In a business scenario there can be a case
where input excise duty can be claimed on purchase of goods other than raw material. For this
purpose we have RG 23C II register. Let us discuss this register in detail.

1.4 RG 23C II

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The purpose of this register is to enable the manufacturer claim input excise duty paid on purchase of
capital goods. Capital Goods are those goods that are used over a long period of time. These goods
help in the production of finished goods. Some examples of capital goods are machinery, computers,
and so on.

Let us understand with the help of a case scenario. We will continue with the Today Cars case
scenario. On June 5, Today Cars purchased machinery worth Rs. 40,000 for business purpose and paid
excise duty amounting to Rs. 4,000. According to the specifications, Today Cars can claim the input
excise duty paid on purchase of machinery since it is a capital good. Thus, this entry will be recorded
in the RG 23C II register and the appropriate adjustment entry will be made in the PLA. Today Cars
will adjust the balance of RG 23C II register manually in the PLA and the resultant balance in the PLA
will be Rs. 8,000 while RG 23C II register will have a nil balance.

RG 23C II register is similar to RG 23A II register except that purchase transactions for only capital
goods are entered in RG 23C II register. Thus, the only difference between the two registers is that
transaction for raw materials are entered in RG 23A II register while transactions for capital goods are
entered in RG 23C II register.

1.5 RG 23A I

RG 23A-I Register contains stock details of raw materials. It contains details such as date of
transaction, type of transaction, voucher/bill number, quantity received, party, quantity out
(with/without duty), and quantity out (manufacturing).

1.6 RG-I

RG-I Register contains duty details and stock details of finished goods. It contains details such as date
of transaction, voucher/bill number, quantity in, quantity out (with or without duty), assessable value,
duty details, duty amount, and balance quantity.

1.7 Form ER-I

Form E.R.-1 provides the details of excise charged on the goods at the time of sales. There are two
sub-reports under Form E.R.-1 report. These are:
 Details of Goods and Duty Payable – This report contains the duty related and quantitative
details of the goods. For example details such as quantity out, unit, quantity received, and
opening balance of goods will be displayed in the register.
 Details of CENVAT Credit Availed – This report contains details that are entered in the Adjust
Excise Amount transaction. In case no credit is availed then no details will be displayed.

1.8 CENVAT Return

CENVAT Return provides the details of excise charged on the goods at the time of purchase. This
report can be generated for two categories:
 Inputs (Raw materials): This report provides the details of MODVAT claimed on raw materials
and passed in the RG-23AII register at the time of purchase. This report provides the details
like supplier name, supplier type, date, bill no., value of the goods, BED, tariff along with the
total of credit Utilized.
 Capital Goods: This report provides the details of MODVAT claimed on capital goods and passed
in the RG-23CII register at the time of purchase. This report provides the details like supplier
name, supplier type, date, bill no., value of the goods, BED, tariff, quantity along with the total
of credit Utilized.

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We have discussed Manufacturing Excise Reporting in detail; let us now move onto Trading Excise
Reporting.

2. Trading Excise Reporting

Under Trading Excise Reporting, the primary point to keep in mind is that the manufacturer or dealer
who come under this reporting cannot collect excise duty on the sales.

Let us understand with the help of a case scenario. We will continue with the Today Cars case
scenario. Today Cars purchases raw material directly from their supplier, Ahead Cars. This process is
very taxing for Today Cars, since they do not have a robust procurement and distribution system. They
are looking for a dealer (trader) who can handle the procurement of raw material from their supplier.
For this purpose, they contact Fast Wheels, a trading concern (dealer) that supplies raw material to
manufacturers and dealers.

Let us understand with the help of diagrammatic representation.

Ahead Cars Inc  Fast Wheels Today Cars  Go Cars

(Manufacturer)  (Dealer) (Manufacturer (Dealer)
)

Now Fast Wheels procures the raw material from Ahead Cars and sells it to Today Cars. Listed here are
the transactions that took place for the month of July.
 On July 10, Fast Wheels purchased raw material worth Rs. 50,000 from Ahead Cars and paid
excise duty amounting to Rs. 5,000.
 On July 15, Fast Wheels sold the raw material to Today Cars for Rs. 65,000 and did not charge
excise duty.
 On July 20, Today Cars processed the raw material, sold it to Go Cars for Rs. 70,000, and
charged excise duty amounting to Rs. 7,000.

Important points to remember:

 Fast Wheels is a trading concern (dealer) and does not collect any excise duty on sale of goods.
The reason is that excise duty is levied only when a new product is produced or manufactured.
In case of Fast Wheels no new product is produced or manufactured.
 There is a requirement for being covered under trading excise reporting. The requirement is
that the trading concern or dealer should be registered with the excise authorities as an excise
dealer.

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Let us have a look at the cost price and selling price given here in the form of a table for the business
entities in the chain.

Elements/Busines Ahead Cars  Fast Today Cars  Go Cars

s Entity (Manufacturer Wheels (Manufacturer (Dealer
)  ) )
(Dealer)
Cost Price 50,000 55,000 65,000 77,000
(manufacturing
cost/Procurement
cost)
Gross Profit margin/ N.A. 10,000 5,000 10,000
Value Added
Gross Selling Price 50,000 55,000 + 65,000 + 5,000 77,000 +
10,000 = = 70,000 10,000 =
65,000 87,000
Excise Duty (10%) 5,000 N.A. 7,000 N.A
Net Selling Price 50,000 + 5,000 65,000 70,000 + 7,000 87,000
(Total) = 55,000 = 77,000
Excise Duty paid on N.A 5,000 5,000 7,000
purchase (recovered (will
from recover
Today from the
Cars) buyer)
Excise Duty collected 5,000 N.A 7,000 N.A
(payable) on sales
Net Excise Duty 5,000 N.A 7,000 - 5,000 = N.A
payable (Excise Duty 2,000
Collected – Excise
Duty Paid)
Net Profit (Net N.A 10,000 10,000 (77,000 N.A
Selling Price – Cost (65,000 – – 65000 – 2000)
Price – Net Excise 55,000)
Duty Payable)

Note: For this case scenario, we assume the following:

 No CST or VAT is levied on any of the three transactions given here.
 Ahead Cars, the manufacturing concern has not paid any excise duty on the purchase. This is
done to simplify the example.

In this case scenario, Fast Wheels pays excise duty and includes it in the cost price, thus increasing
the cost price to Rs. 55,000. Further, it sells the goods to Today Cars for Rs. 60,000 and recovers the
excise duty amounting to Rs. 5,000 from Today Cars. Now, Today Cars is a manufacturing concern
that collects excise duty on sale, thus it can claim the input excise duty paid on purchases to avoid
double taxation. Due to an extra link in the chain, Fast Wheels, it becomes difficult to claim the input
excise duty. To simplify the situation, Fast Wheels has to furnish all the details of the purchase on
which excise duty was paid, to Today Cars to enable Today Cars to claim input excise duty. Claim of
input excise duty is commonly referred to as MODVAT benefit.

This process of furnishing information by the dealer is the application of trading excise reporting.
Under trading excise reporting, the dealers can pass the MODVAT benefit to manufacturers (buyers) to
whom they supply raw material. In order to do so, the dealer has to furnish the details of the
manufacturer from whom the dealer purchased the goods initially. This information will be made
available on the sales invoice. The details include the quantity purchased from the manufacturer,

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excise duty levied on the purchase and excise duty to be transferred on the goods sold. The amount of
excise duty transferred forms the basis for claiming MODVAT benefit.

The details of the purchase are furnished in the form of two registers listed here:
RG 23D
Form 2
Let us discuss these registers in detail.

2.1 RG 23D

This register contains the details of the purchase and sale of goods by the dealer. This register is
maintained separately for different goods or items. All the purchase and sales transactions for a
particular item are recorded in this register separately.

The purpose of maintaining such a register is keep a check on the sale and purchase of an item on
which the dealer is going to pass the MODVAT benefit to the manufacturer (buyer).

Let us understand with the help of a case scenario. We will continue with the case scenario of Fast
Wheels. Let us assume that Fast Wheels purchased goods worth Rs. 50,000 from Ahead Cars and paid
excise duty amounting to Rs. 10,000. Fast Wheels will record the purchase transaction in the RG 23D
register. Now Fast Wheels sold the goods in two lots worth Rs. 30,000 each to Today Cars, a
manufacturing concern and Great Cars, a trading concern (dealer). Thus, Fast Wheels will record these
two sales in the RG 23D register against the purchase transaction.

This type of recording of purchase and sale transactions helps in maintaining a clear record as to which
goods were purchased and when and how were they sold. The significance of RG 23D register is that it
helps us to track the payment of excise duty and passing of the MODVAT benefit to the manufacturer
(buyer).

2.2 Form 2

This register lists down the purchase and sales transactions for all the goods or items together. Unlike
RG 23D this register is not maintained item wise, rather it lists the sales and purchase transactions
separately for the items. Only those purchase or sale transactions are recorded that affect the RG 23D
register in some manner.

Let us understand with the help of a case scenario. We will continue with the Fast Wheels case
scenario. For the purchase and sale transactions carried out, Fast Wheels will record the transactions
in Form 2 separately as sales and purchase. There will be no check on what item was purchased and
where it was sold. Simple listing of the sales and purchase transactions that affect the RG 23D register
will be done.

Proper maintenance of records for sale and purchase helps in passing the MODVAT benefit to the
manufacturer (buyer). The MODVAT benefit can be passed to any level in the chain of transactions. Let
us understand with the help of an example.

Ahead Cars  Fast Wheels Great Cars  Today Cars

(Manufacturer  (Dealer) (Manufacturer)
) (Dealer)

 Ahead Cars, a manufacturing concern sells goods to Fast Wheels, a trading concern (dealer)
that in turn sells the goods to Great Cars, a trading concern (dealer).
 Great Cars sells the goods to Today Cars, a manufacturing concern.

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Now Great Cars can pass the MODVAT benefit to Today Cars by furnishing the details of both Ahead
Cars and Fast Wheels that were involved in the chain of transactions. These details will be recorded in
the RG 23D and Form 2 registers for the purpose of passing the MODVAT benefit to Today Cars.
Further, the same details will be provided in the sales invoice.

In the sales invoice, the details of purchase of an item are to be provided. These are:
 Manufacturer’s detail along with details of the paid excise duty - In this case the manufacturing
concern is Ahead Cars.
 Supplier’s Detail from whom the items have been purchased - In this case the supplier is Fast
Wheels.
 MODVAT details of the item sold such as how much quantity of the item is left against a
particular purchase bill.

We have discussed the working of the excise duty system with respect to types of excise reporting.
Now let us discuss the minor changes in the excise duty system brought about by government
specifications.

Changes in the Excise Duty System

Certain changes have been incorporated in the excise duty system following the specifications given by
the Finance Ministry. Some of these changes are:
 Excise Duty system has been renamed CENVAT (Central Value Added Tax) and the MODVAT
system has been renamed as the Cenvat Credit Scheme. MODVAT is commonly referred to as
CENVAT also. A uniform Cenvat has been levied @ 16 %.
 No advance payment of excise duty is required in the PLA. As and when the goods are sold, the
excise duty is deposited with the central government.

Now that we have understood the concept of Excise Duty, let us discuss the implementation of Excise
Reporting in BUSY. We will first discuss Manufacturing Excise Reporting followed by Trading Excise
Reporting.

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Implementation of Manufacturing Excise Reporting
The implementation of Manufacturing Excise Reporting in BUSY is a simple four-step process. The
steps are:
1. Configure Manufacturing Excise Reporting
2. Record Input/Output Excise Duty using vouchers
3. Adjust Excise Amounts (If required)
4. View Excise Reports and Returns

Let us discuss the steps in detail.

1. Configure Manufacturing Excise Reporting

The first step is to configure Excise Reporting in BUSY. There are three sub-steps in configuring
Manufacturing Excise Reporting. The sub-steps are:

1.1 Enable Excise Reporting

1.2 Configure Control Masters
1.3 Configure Excise Reporting Account-wise
1.4 Enter Opening Information for Manufacturing Excise

1.1 Enable Excise Reporting

To enable Excise Reporting in BUSY, perform the following steps:

 Open the company you want to configure Excise Reporting for by clicking Company  Open 
Select your company
 Click the Administration Menu:
 Click Configuration  Features/Options  Excise
 Enable the option Enable Excise Reporting by selecting the check box and enter the
appropriate details in the data fields that become active.

Given here is a screenshot of Features/Option Window for enabling Excise Reporting in BUSY.

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After you enable Excise Reporting in BUSY, certain data fields become active. In the Type of Excise
Reporting data field select the Mfr. option for Manufacturing Excise Reporting.

 Click the Save button

1.2 Configure Control Masters

To configure control masters in BUSY perform the following steps:

 Click Configuration  Features/Options  Excise  Configure Control Masters button to open

the Control Masters Window.

Given here is a screenshot of the Control Masters Window.

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The relevance of Control Masters is in relation to Tax Reporting. In BUSY, when you enter information
for items and bill sundries in a voucher, the information is used for accounting purpose. For Excise
Reporting, information is captured using a small window that appears when you proceed for voucher
saving (by clicking the Save button or pressing F2 key).

Let us understand with the help of an example. When you enter a sales voucher for sale of excisable
goods, you need to enter the information for the item sold and the appropriate bill sundry to be
attached. When you click the Save button to save the sales voucher an Excise Details window appears.
This window appears due the information provided in the Control Masters. This process has been
explained in detail in the second topic (Record Input/Output Excise Duty using vouchers) with the help
of an example and accompanied screenshots.

In the screenshot given above, for BED Bill sundry under sales voucher we have specified the control
master as Excise Duty. This is a keyword that is used by BUSY software to link the tax bill sundry in
the sales voucher with the Excise Details Window.

Specify the appropriate control masters for different vouchers in the data fields.

 Click the Save button to close the Control Masters Window.

 Click the Save button to close the Features/Options Window.

1.3 Configure Excise Reporting Account-wise

After Excise Reporting is configured in BUSY, you need to configure Excise Reporting account-wise for
the sundry debtors and sundry creditors.

To configure an account for Excise Reporting, perform the following steps:

 Click the Administration Menu  Masters  Account  Add

 In the Account Master – Add Window, enter the appropriate information in the data fields.
When you specify the group as Sundry Debtors or Sundry Creditors, Excise Information for Account
Window appears within the Account Master – Add Window.

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Given here is the screenshot of the Account Master - Add Window.

The supplier can be

of three types:
Manufacturer, Ist
Stage, and IInd
Stage

Enter appropriate information in the data fields and click the Ok button to close the Excise Information
for Account Window.
 Click the Save button to save the account information.

1.4 Enter Opening Information for Manufacturing Excise

You will need to enter opening information for Manufacturing Excise only if you are a new user who has
recently configured Manufacturing Excise Reporting. In such a case, you may need to enter some
opening information for accounts such as PLA, RG 233A II and so on.

To enter opening information, perform the following steps:

 Click the Administration Menu  Configuration  Opening Information  Excise Op.

Balance  Mfr. Excise
On clicking the Mfr. Excise Option, an Excise Opening Balances Window will appear.
 Enter the appropriate balances for different accounts

Given here is a screenshot of the Excise Opening Balances Window.

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 Click the Save button to save the opening information

Now that you have configured manufacturing excise reporting in BUSY, you can record the excise
related vouchers.

2. Record Input/Output Excise Duty using Vouchers

You can record excise duty related vouchers in primarily four ways:
2.1 Input Excise Duty (MODVAT/CENVAT claim)
2.2 Output Excise Duty
2.3 Excise Duty Deposited with Government

Let us discuss the four ways in detail.

2.1 Input Excise Duty (MODVAT/CENVAT claim)

If you have paid excise duty on purchase of excisable goods then you can enter excise related details
in the appropriate vouchers.

To record input excise duty, perform the following steps:

 Click the Transaction Menu  Select the appropriate voucher
 Enter appropriate information in the voucher

Let us understand the recording of input excise duty with the help of an example.
Ahead Cars is a car parts manufacturing concern. For the purpose of business, it purchased semi-
processed car parts and paid excise duty at 10%.

Given here is a screenshot of the purchase voucher that Ahead Cars enters for purchase of semi-
processed goods.

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 Click the Save button to save the voucher. On clicking the Save button an Excise Details
Window appears. If you Specify ‘Y’ in the Update MODVAT Details data field, several fields
become active. These are:
 Adjust in
 Document
 BED Amount
 SED Amount
 Cess Amount

Let us discuss these data fields in detail.

Adjust in

In this data field, select the register where you want to adjust the transaction. You can adjust the
transaction either in RG 23A-II or RG 23C-II register.

Document

In this data field, state the type of the transaction that you are entering. For example, in the
screenshot given above, the document is a purchase bill. By default, the value in this data field is
given according to the transaction voucher that you are entering.

BED Amount

In this data field, enter the BED amount that is levied on the transaction. By default the bill sundry
value (configured in control masters) is given in this data field.

SED Amount

In this data field, enter the SED amount that is levied on the transaction. By default the bill sundry
value (configured in control masters) is given in this data field.

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Cess Amount

In this data field, enter the Cess amount that is levied on the transaction. By default the bill sundry
value (configured in control masters) is given in this data field.

 Click the OK button to close the Excise Details Window after you have entered the appropriate
information. On closing the Excise Details Window a Sales Tax/Excise Reporting Details Window
appears.

Given here is a screenshot of Sales Tax/Excise Reporting Details Window.

In the Sales Tax/Excise Reporting Details Window there are five active data fields. These are:
 Purchase Bill No.
 Purchase Bill Date
 Description of Items
 Total Qty.
 Form DVAT 35 No.

Let us discuss these data fields in detail.

Purchase Bill No.

In this data field, enter the purchase bill no., if any. If you leave this field blank then the voucher
number is used as bill number for reporting.

Purchase Bill Date

In this data field, enter the purchase bill date. If you leave this field blank then the date entered in the
voucher is used as bill date for reporting.

Description of Items

In this data field, enter the description of items that you want to be displayed in Excise reporting.

Total Qty.

In this data field, enter the quantity of goods purchased that you want to display in Excise Reporting.

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Form DVAT 35 No.

In this data field, enter the details of road permit, if any. This information is required for generating
the Form DVAT 35B report if state selected is Delhi and VAT Reporting is enabled.

 Click the OK button to close the Sales Tax/Excise Reporting Details Window and then click the
Save button to save the voucher.

Note: Reporting in BUSY is done with the help of the Excise Details Window that appears while
entering a voucher. Thus, be careful while entering the details in the window. If you specify ‘N’ in the
Update MODVAT Details data field then no Excise Reporting will be done for the particular voucher.

You can enter the transactions for the payment of excise duty using other vouchers such as payment
voucher.

2.2 Output Excise Duty

If you have collected excise duty on sale of excisable goods then you can enter excise related details in
the appropriate vouchers.

To record output excise duty, perform the following steps:

 Click the Transaction Menu  Select the appropriate voucher
 Enter appropriate information in the voucher

Let us understand recording of output excise duty with the help of an example.
Ahead Cars is a car parts manufacturing concern. It sold processed car parts (manufactured car parts)
to Car Today and charges excise duty at 10%.

Given here is a screenshot of the sales voucher that Ahead Cars enters for the sale of car parts.

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 Click the Save button to save the voucher. On clicking the Save button an Excise Details
Window appears. If you Specify ‘Y’ in the Excise Applicable data field, several fields become
active. These are:
 Document
 Assessable Value
 BED @
 BED Amount
 SED @
 SED Amount
 Cess @
 Cess Amount
 Date & Time of Preparation of Invoice
 Date & Time of Removal of Goods

Document

In this data field, state the type of the transaction that you are entering. For example, in the
screenshot given above, the document is a sales invoice. By default, the value in this data field is
given according to the transaction voucher that you are entering.

Assessable Value

Enter the assessable value of the goods sold. The assessable value represents the value of the goods
on which excise duty is levied.

BED @

Enter the BED (Basic Excise Duty) rate applicable on the assessable value. This value is required for
Excise Reporting.

BED Amount

In this data field, enter the amount of BED that you want to reflect in Excise Reporting.

SED @

Enter the SED (Special Excise Duty) rate applicable on the assessable value. This value is required for
Excise Reporting.

SED Amount

In this data field, enter the amount of SED that you want to reflect in Excise Reporting.

Cess @

Enter the cess rate applicable on the assessable value. This value is required for Excise Reporting.

Cess Amount

In this data field, enter the amount of cess amount that you want to reflect in Excise Reporting.

Date & Time of Preparation of Invoice

In this data field, enter the date and time of preparation of invoice. By default, the current data and
time are displayed in the field. You can change the value as per your requirement.

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Date & Time of Removal of Goods

In this data field, enter the date and time of removal of goods. By default, the current data and time
are displayed in the field. You can change the value as per your requirement.

 Click the OK button to close the Excise Details Window after you have entered the appropriate
information. On closing the Excise Details Window a Sales Tax/Excise Reporting Details Window
appears.

Given here is a screenshot of the Sales Tax/Excise Reporting Details Window.

In the Sales Tax/Excise Reporting Details Window there are three active data fields. These are:
 Description of Items
 Total Qty.
 Form DVAT 34 No.

Let us discuss these data fields in detail.

Description of Items

In this data field, enter the description of items that you have sold.

Total Qty.

In this data field, enter the quantity of goods sold that you want to display in Excise Reporting.

Form DVAT 34 No.

In this data field, enter the details of road permit, if any. This information is required for generating
the Form DVAT 35B report if state selected is Delhi and VAT Reporting is enabled.

 Click the OK button to close the Sales Tax/Excise Reporting Details Window and then click the
Save button to save the voucher.

You can enter the transactions for the receipt of excise duty using other vouchers such as journal
voucher.

2.3 Excise Duty Deposited with Government

When you deposit the net excise duty payable with the government, you need to record the
transaction using a voucher in BUSY.

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To record payment of excise duty, perform the following steps:
 Click the Transaction Menu  Select payment voucher
 Enter appropriate information in the voucher

Given here is a screenshot of the payment voucher that Ahead Cars enters for payment of excise duty
to the government.

 Click the Save button to save the voucher. On clicking the Save button a PLA Account Details
Window appears. If you Specify ‘Y’ in the PLA Account Details data field, several fields become
active. These are:
 Document
 PLA (BED)
 PLA (SED)
 PLA (Cess)

Note: If you specify ‘N’ in the PLA Account Details Window then the payment of excise duty is not
reflected in the PLA.

Document

In this data field, enter the name of the document that is needed to deposit the excise duty. By
default, TR6 Challan is displayed in the data field. This detail is required for Excise Duty Reporting.

PLA (BED)

In this data field, enter the amount of excise duty deposited w.r.t BED.

PLA (SED)

In this data field, enter the amount of excise duty deposited w.r.t SED.

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PLA (Cess)

In this data field, enter the amount of cess deposited with the government.

Note: If you are depositing different types of excise duty such as BED and SED at the same time then
while entering the transaction in the payment voucher, enter the details for the different type of
excise duty separately.

 Click the OK button to close the PLA Account Details Window and then click the Save button
to save the voucher.

3. Adjust Excise Amounts

In certain cases there can be an instance where a concern may have both input excise amount
(MODVAT/CENVAT claim) and output excise amount. In such a case, you can adjust the output excise
amount against the input excise amount.

To adjust the output excise amount, perform the following steps:

 Click the Transaction Menu  Adjust Excise Amounts
 Enter the amount to be adjusted in the appropriate excise amount column

Given here is a screenshot of the Adjustment of Excise Amounts Window.

Output Excise Duty (Payable) from sales

is displayed in this field

Output Excise Duty can be adjusted against

Input Excise Duty.

Input Excise Duty (Claimable)

displayed here

You can adjust the output excise duty (payable) against input excise duty (claimable). In the
screenshot, output excise duty is Rs. 2,000 while the input excise duty is Rs. 1,500. We can adjust
output excise duty against input excise duty. Thus, Rs. 1,500 out of Rs. 2,000 can be adjusted. The
net amount of Rs. 500 (2,000 – 1,500) will appear in Excise Reporting.

Note: Excise duty payable amount can appear only in case of Manufacturing Excise Reporting. The
reason is that in Trading Excise Reporting there can be never be any payable excise duty.

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4. View Excise Reports and Returns
Once you have recorded excise related transactions, you can view the Excise related reports and
returns. To view the Excise Reports, perform the following tasks:
 Click Display Menu  Excise Reports  Select a report from the following options:
 RG-I Register
 PLA Register
 RG 23A-I Register
 RG 23A-II Register
 RG 23C-II Register
 Excise Duty Register
 Form E.R.–1
 CENVAT Return

Given here is a screenshot of the Excise Reports menu options.

 Enter the date range in Starting Date and Ending Date fields/Select the appropriate option
to generate the report
 View the respective Excise Report

Given here is a brief description for each of the Excise Reports.

RG-I Register
RG-I Register contains duty details and stock details of finished goods. It contains details such as date
of transaction, voucher/bill number, quantity in, quantity out (with or without duty), assessable value,
duty details, duty amount, and balance quantity. You have the option to view the report either Item-
wise, Item Group-wise or Tariff-Heading-wise.

PLA Register
PLA Register (Personal Ledger Account) provides the details regarding the deposit and the adjustment
of the excise duty. It is the record of the amount deposited by the manufacturer with the excise
authorities for payment of excise duty.

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RG 23A-I Register

RG 23A-I Register contains stock details of raw materials. It contains details such as date of
transaction, type of transaction, voucher/bill number, quantity received, party, quantity out
(with/without duty), and quantity out (manufacturing). You have the option to view the report either
Item-wise, Item Group-wise or Tariff-Heading-wise.

RG 23A-II Register
RG 23A-II register provides details of the purchase, purchase return, and sale return transactions for
raw materials only. These transactions are those on which excise duty has been paid.
The details regarding such purchase transactions are required for the purpose of claiming input excise
duty credit on raw material.

RG 23C-II Register

RG 23C-II register provides details of the purchase, purchase return, and sales return transactions for
capital goods only. These transactions are those on which excise duty has been paid.
The details regarding such purchase transactions are required for the purpose of claiming input excise
duty credit on capital goods.

Excise Duty Register

Excise Duty register records the details of the sale transactions on which excise duty has been
collected. For example, Ahead Cars produces and sells car parts to another dealer. It collects excise
duty on the sale made. Such a transaction will be entered in the Excise Duty register.

Form E.R.-1

Form E.R.-1 provides the details of excise charged on the goods at the time of sales. There are two
sub-reports under Form E.R.-1 report. These are:
 Details of Goods and Duty Payable – This report contains the duty related and quantitative
details of the goods. For example details such as quantity out, unit, quantity received, and
opening balance of goods will be displayed in the register.
 Details of CENVAT Credit Availed – This report contains details that are entered in the Adjust
Excise Amount transaction. For example, it contains information on opening balance, credit
availed on inputs, capital goods and credit utilized on inputs, capital goods and so on. In case
no credit is availed then no details will be displayed.

CENVAT Return

CENVAT Return provides the details of excise charged on the goods at the time of purchase. This
report can be generated for two categories:
 Inputs (Raw materials): This report provides the details of MODVAT/CENVAT claimed on raw
materials and passed in the RG-23AII register at the time of purchase. This report provides the
details like supplier name, supplier type, date, bill no., value of the goods, BED, tariff along
with the total of credit Utilized.
 Capital Goods: This report provides the details of MODVAT/CENVAT claimed on capital goods
and passed in the RG-23C II register at the time of purchase. This report provides the details
like supplier name, supplier type, date, bill no., value of the goods, BED, tariff, quantity along
with the total of credit Utilized.

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After following these four steps you have successfully implemented Manufacturing Excise Reporting in
BUSY.

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Implementation of Trading Excise Reporting
The implementation of Trading Excise Reporting in BUSY is a simple three-step process. The steps are:
1. Configure Trading Excise Reporting
2. Record Input Excise Duty using vouchers
3. View Excise Reports and Returns

Let us discuss the steps in detail.

1. Configure Trading Excise Reporting

The first step is to configure Excise Reporting in BUSY. There are three sub-steps in configuring
Trading Excise Reporting. The sub-steps are:

1.1 Enable Excise Reporting

1.2 Configure Control Masters
1.3 Configure Excise Reporting Account-wise
1.4 Configure Excise Reporting Item-wise
1.5 Enter Opening Information for Trading Excise

1.1 Enable Excise Reporting

To enable Excise Reporting in BUSY, perform the following steps:

 Open the company you want to configure Excise Reporting for by clicking Company  Open 
Select your company
 Click the Administration Menu:
 Click Configuration  Features/Options  Excise
 Enable the option Enable Excise Reporting by selecting the check box and enter the
appropriate details in the data fields that become active.

Given here is a screenshot of Features/Option Window for enabling Excise Reporting in BUSY.

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After you enable Excise Reporting in BUSY, certain data fields become active. In the Type of Excise
Reporting data field select the Trading option for Trading Excise Reporting. On selecting the Trading
option, a Restrictions button becomes active.

 Click the Restrictions button to open the Restrictions for Trading Excise Feature Window.
Read the restrictions carefully.
 Click the Ok button to close the window
 Click the Save button to save the configuration settings

1.2 Configure Control Masters

To configure control masters in BUSY perform the following steps:

 Click Configuration  Features/Options  Excise  Configure Control Masters button to open

the Control Masters Window.

Given here is a screenshot of the Control Masters Window.

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The relevance of Control Masters is in relation to Tax Reporting. In BUSY, when you enter information
for items and bill sundries in a voucher, the information is used for accounting purpose. For Excise
Reporting, information is captured using a small window that appears when you proceed for voucher
saving (by clicking the Save button or pressing F2 key).

Let us understand with the help of an example. When you enter a sales voucher for sale of excisable
goods, you need to enter the information for the item sold and the appropriate bill sundry to be
attached. When you click the Save button to save the sales voucher an Excise Details window appears.
This window appears due to the information provided in the Control Masters. This process has been
explained in detail in the second topic (Record Input Excise Duty using vouchers) with the help of an
example and accompanied screenshots.

In the screenshot given above, for BED Bill sundry under sales voucher we have specified the control
master as Excise Duty. This is a keyword that is used by BUSY software to link the tax bill sundry in
the sales voucher with the Excise Details Window.

Specify the appropriate control masters for different vouchers in the data fields.

 Click the Save button to close the Control Masters Window.

 Click the Save button to close the Features/Options Window.

1.3 Configure Excise Reporting Account-wise

After Excise Reporting is configured in BUSY, you need to configure Excise Reporting account-wise for
the sundry debtors and sundry creditors.

To configure an account for Excise Reporting, perform the following steps:

 Click the Administration Menu  Masters  Account  Add

 In the Account Master – Add Window, enter the appropriate information in the data fields.
When you specify the group as Sundry Debtors or Sundry Creditors, Excise Information for Account
Window appears within the Account Master – Add Window.

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Given here is the screenshot of the Account Master - Add Window.

The supplier can be

of three types:
Manufacturer, Ist
Stage, and IInd
Stage

Enter appropriate information in the data fields and click the Ok button to close the Excise Information
for Account Window.
 Click the Save button to save the account information.

Now that you have configured Trading excise reporting in BUSY, you can record the excise related
vouchers.

1.4 Configure Excise Reporting Item-wise

After Excise Reporting is configured in BUSY account-wise, you need to configure Excise Reporting for
the items on which excise duty is paid.

To configure an item for Excise Reporting, perform the following steps:

 Click the Administration Menu  Masters  Item  Add

 In the Item Master – Add Window, enter the appropriate information in the data fields.

Given here is the screenshot of the Item Master - Add Window.

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Specify ‘Y’ to
enable
Trading
Excise

To maintain excise related details for an item, specify ‘Y’ in the Maintain RG-23D data field. Further,
you can specify the tariff heading, if any, in the Tariff Heading data field.

 Click the Ok button to close the Excise Information for Item Window after entering the
appropriate information in the data fields
 Click the Save button to save the Item information.

1.5 Enter Opening Information for Trading Excise

You will need to enter opening information for Trading Excise only if you are a new user who has
recently configured Trading Excise Reporting. In such a case, you may need to enter some opening
information for items.

To enter opening information, perform the following steps:

 Click the Administration Menu  Configuration  Opening Information  Excise Op.

Balance  Trading Excise  Select the item for which you want to enter information.

On selecting the item, a RG 23D Opening Balances Window appears. Given here is a screenshot of the
RG 23D Opening Balances Window.

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 Enter appropriate information in the grid

For example, in the screenshot given above, certain information has been entered. From the
information we can conclude that Semi-processed item was purchased from Go Cars, the
supplier on 04-04-05. Further, the bill number, quantity purchased, and reference number
is specified.

 Press the Enter key after you enter the Ref. No. On pressing the Enter key a Manufacturer’s
Detail Window appears. Given here is a screenshot of the Manufacturer’s Detail Window.

 Enter appropriate information in the data fields.

For example, in the screenshot given above, certain information has been entered. From the
information we can conclude that GO Cars, the supplier purchased Semi-processed item
from Ahead Cars, the manufacturer on 01-04-05. Further, the RG 23-D Page No, RG 23-D
Entry S.No., bill number, quantity purchased, assessable value and BED rate are specified.

 Click the Ok button to save manufacturer’s detail

 Click the Save button to save the opening information

Now that you have configured Trading excise reporting in BUSY, you can record the excise related
vouchers.

2. Record Input Excise Duty (MODVAT/CENVAT Claim) using Vouchers

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If you have paid excise duty on purchase of excisable goods then you can enter excise related details
in the appropriate vouchers.

To record input excise duty, perform the following steps:

 Click the Transaction Menu  Select the appropriate voucher
 Enter appropriate information in the voucher

Let us understand the recording of input excise duty with the help of an example. Fast Wheels is a
dealer in car parts. It typically purchases from Ahead Cars, a manufacturer and further sells car parts
to another manufacturer. For purpose of business, it purchased semi-processed car parts and paid
excise duty at 10%.

Given here is a screenshot of the purchase voucher that Fast Wheels enters for purchase of semi-
processed goods.

 Click the Save button to save the voucher. On clicking the Save button a RG-23D Details
Window appears. If you Specify ‘Y’ in the Update MODVAT Details data field, several fields
become active. These are:
 Ref. No.
 RG-23D Page No.
 RG-23D Entry S.No.
 Name
 Bill No.
 Date
 Total Qty.
 Ass. Value
 Rate of BED (%)
 Total BED
 Rate of SED (%)

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 Total SED
 Rate of Cess (%)
 Total Cess

Let us discuss these data fields in detail.

Ref. No.

Enter the reference number for the transaction. By default, the voucher number along with date of
transaction is displayed in the data field.

In the screenshot given above, 1/1-4-2005 represents the voucher number and the date of
transaction.

RG-23D Page No.

It is a common practice amongst dealers to maintain physical registers in order to keep a track of the
sales and purchase of excisable goods. In this data field, enter the page number of the register where
the purchase transaction is recorded. This information is used for invoice printing.

RG-23D Entry S.No.

In this data field, enter the serial number of the transaction recorded in the register. This information
is used for invoice printing.

Name

In this data field, enter the name of either the manufacturer for whom the goods were purchased or
the one who is mentioned on the supplier’s bill.

Bill No.

In this data field, enter the bill number mentioned on the supplier’s bill. By default, the voucher
number is displayed in this data field.

Date

In this data field, enter the date of the transaction as mentioned on the supplier’s bill. By default, the
date of the voucher is displayed in this data field.

Total Qty.

In this data field, enter the quantity of the goods purchased as mentioned on the supplier’s bill. By
default, the quantity mentioned in the voucher is displayed in this data field.

Ass. Value

In this data field, enter the assessable value of the goods purchased as mentioned on the supplier’s
bill. By default, the total value of the transaction in the voucher is displayed in this data field.

Rate of BED (%)

In this data field, enter the rate of BED (%) as mentioned on the supplier’s bill. By default, the rate of
BED as given in the bill sundry is displayed in this data field.

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Total BED

In this data field, enter the BED amount as mentioned on the supplier’s bill. By default, the amount of
BED as given in the bill sundry is displayed in this data field.

Rate of SED (%)

In this data field, enter the rate of SED (%) as mentioned on the supplier’s bill. By default, the rate of
SED as given in the bill sundry is displayed in this data field.

Total SED

In this data field, enter the SED amount as mentioned on the supplier’s bill. By default, the amount of
SED as given in the bill sundry is displayed in this data field.

Rate of Cess (%)

In this data field, enter the rate of Cess (%) as mentioned on the supplier’s bill. By default, the rate of
Cess as given in the bill sundry is displayed in this data field.

Total Cess

In this data field, enter the Cess amount as mentioned on the supplier’s bill. By default, the amount of
Cess as given in the bill sundry is displayed in this data field.

 Click the OK button to close the RG-23D Details Window after you have entered the appropriate
information. On closing the RG-23D Details Window a Sales Tax/Excise Reporting Details
Window appears.

Note: Reporting in BUSY is done with the help of the RG-23D Details Window that appears while
entering a voucher. Thus, be careful while entering the details in the window. If you specify ‘N’ in the
Update MODVAT Details data field then no Excise Reporting will be done for the particular voucher.

Given here is a screenshot of the Sales Tax/Excise Reporting Details Window.

In the Sales Tax/Excise Reporting Details Window there are five active data fields. These are:
 Purchase Bill No.

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 Purchase Bill Date
 Description of Items
 Total Qty.
 Form DVAT 35 No.

Let us discuss these data fields in detail.

Purchase Bill No.

In this data field, enter the purchase bill no., if any. If you leave this field blank then the voucher
number is used as bill number for reporting.

Purchase Bill Date

In this data field, enter the purchase bill date. If you leave this field blank then the date entered in the
voucher is used as bill date for reporting.

Description of Items

In this data field, enter the description of items that you want to be displayed in Excise reporting.

Total Qty.

In this data field, enter the quantity of goods purchased that you want to display in Excise Reporting.

Form DVAT 35 No.

In this data field, enter the details of road permit, if any. This information is required for generating
the Form DVAT 35B report.

 Click the OK button to close the Sales Tax/Excise Reporting Details Window and then click the
Save button to save the voucher.

You can enter the transactions for the payment of excise duty using other vouchers such as payment
voucher.

3. View Excise Reports and Returns

Once you have recorded excise related transactions, you can view the Excise related reports and
returns. To view the Excise Reports, perform the following tasks:
 Click Display Menu  Excise Reports  Select a report from the following options:
 RG 23D Register
 Form 2
 Balance Stock Details

Given here is a screenshot of the Excise Reports menu options.

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 Select the appropriate option to generate the report

 View the respective Excise Report

Given here is a brief description for each of the Excise Reports.

RG-23D Register
RG-23D Register contains the details of purchase and sale of goods by the dealer. This register is
maintained separately for different goods or items. All the purchase and sales transactions for a
particular item are recorded in this register separately. You can view this report either for all items or
one item.

Form 2
Form 2 lists down the purchase and sales transactions for all the goods or items together. Unlike RG
23D this register is not maintained item wise, rather it lists the sales and purchase transactions
separately for the items. Only those purchase or sale transactions are recorded in Form 2 that affect
the RG 23D register in some manner.

Balance Stock Details

Balance Stock Detail shows the balance excisable details of the goods. You can view this report either
RG No.-wise or Item-wise. The report shows details such as tariff heading, purchase quantity, rate &
amount of BED/SED/AED/Cess, balance quantity, and balance amount of BED/SED/AED/Cess.

After following these three steps you have successfully implemented Trading Excise Reporting in BUSY.

BIPL Implementation of Excise Duty 36