TDP - Tariffs, Duties and Permits (IS-OIL-DS-TDP)

Purpose

This component provides functions for calculating and posting excise duty for dutiable materials. The system calculates and posts excise duty when a goods movements occurs, based on the quantity of material moved, and the location information of the material, if required.

The component covers:

  • Calculation of excise duty in purchasing and sales

  • Calculation of excise duty in inventory management and physical inventory (for example, excise duty calculations for material when there are goods movements between plants with different ED rates)

  • Calculation of excise duty in production orders

  • Calculation and posting of excise duty liabilities and claims for goods movements of dutiable material

  • Split inventory management of the ED portion and net price of a material

  • The use of several excise duty rates for a material

  • Revaluation of inventories after changes to excise duty rates

  • Licenses for excise duty (ED) reductions and exemptions

  • Region-based calculation of excise duty

  • Data pool for creating reports.