For what purpose we are maintaining CIN in sap? What is use
for that
Answers were Sorted based on User's Feedback
Answer / jagan mohan
CIN Means Country India Version
In Indian Taxing procedure, Excise Duty plays a vital role
in manufacturing cenario’s. Excise related configuration is
known as CIN configuration. CIN Configuration is a topic in
itself.
Some info on CIN Configuration (it may not appear as
understandable below, but if you check on screen, it will be
understood better)
Country Version India comes with four pricing procedures as
follows:
- JINFAC (Sales from manufacturing plants)
- JINEXP (Export sales)
- JINDEP (Sales from depots)
- JINSTK (Stock transfers
Is This Answer Correct ? | 9 Yes | 1 No |
General ledger for excise duty updation will be assigned
in CIN [ IMG ] under Accounting customization .When ever
goods are received , Excise G/L will be updated for Modvat
credit on inputs , RG 23 A part 1 for quantity and part 2
for Modvat credit amount . This register is used for
material other then Capital Items . For Capital Items RG 23
C Part 1 and Part 2 will be Updated . For Depot receipts
and sales RG 23 D Part 1 and Part 2 will be updated .
Is This Answer Correct ? | 2 Yes | 1 No |
In India , Excise duty is a tax on the manufactured goods that is levied when goods leave the place of manufacturer . Manufacturer can set off the duty paid on input materials against their output duty , this procedure is known as central value added tax [CENVAT ] .
Is This Answer Correct ? | 0 Yes | 0 No |
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