1.

Claims Receivables – Others:

This Account is not generated from ERP. This is account is been used by Fin
users while creating Miscelleneous Receipts in the Receivables.

2. Basic Excise Duty, Education Cess and SHE Cess on Excise :(

This is Automated Generated Account While Creating Sales Invoices in

receivables. Accounting Entry Will be

Sundry Debotrs A/c Dr

To Sales a/c
TO Basic Excise duty(103901)
To Education Cess on Basic Excise (103902)
To Education Cess on Basic Excise (103903)

3. PLA Account(103904):

This is Automated Generated account while doing Shipping of the Goods in

Order management. Accounting Entry Will Be:

Excise Duty Payable A/c Dr

To cenvat/PLA account (103904/103905/103906/103907)

Depending on the Balance available When we ship Goods it will check

balance in Cenvat RM/RTV account(103905) if the balance is not available it
will take PLA account(103904).

4. Cenvat RM/RTV,cess on RM/RTV and She cess on

RM/RTV(103905,103906 and 103907)

This Automated Generated Account While claiming cenvat of Purchase

receipt and Shiping of Goods from Order management. Accounting Entry will
be:

At the Time of claiming Cenvat:

Cenvat RM/RTV Dr(103905)

Cess on RM/RTV Dr(103906)
She Cess RM/RTV Dr(103906)
T0 Receiving Inventory Account

At the Time of Shipment:

Excise Duty payable account Dr (205110)

To Cenvat RM/RTV Cr (103905)
Cess on RM/RTV Cr (103906)
She Cess RM/RTV Cr( 103906)
5. Cenvat on CG/RTV, Cess on CG/RTV and SHE Cess on
CG/RTV(103908,10399 and 103910):
This is Automated Generated Account While claiming cenvat capital item
receipts .At the time of purchase 50% of tax will be debited remaining 50%
will be in Cenvat Receivables account. Accounting Entry will be:

Cenvat on CG RM/RTV Dr (103908)

Cess on CG RM/RTV Dr (103909)
She Cess on CG RM/RTV Dr (103910)
T0 Receiving Inventory Account (103602)

For the Balance 50% amount:

Cenvat receivables Account dr (103914)

Cenvat on CG RM/RTV (103908)

On Claiming 50% in the next financial Year:

Cenvat on CG/RTV dr (103908)

To Cenvat Receivables Account(103914)

6. OSP Excise Account(103912):

This is automated generated account while receiving and sending items on
57F4 challan: Accounting entry will be:

On Sending Goods on 57F4 challan:

OSP Excise account Dr (103912)

To Cenvat/PLA Account (103904 or 103905) depending on the Balance
available.

On receiving Goods on 57F4 challan:

Cenvat/PLA Account (103904 or 103905)

To OSP Excise Account (103912)

7. Excise Duty Manual Clearing Acc(103913)

This Account is Not Automatically generated from ERP. This is account is been
used by users while creating Excise adjustments.

8. BOE ACCOUNT(103920):
 This is automated generated account while creating BOE invoice (while
paying customs duty)

Accounting Entry will be:

BOE Dr (103912)

To Sundry Creditors A/c

While Applying Purchase receipt to BOE Amount:

Inventory Receiving account Dr

To BOE Account (103912)
To AP Accrual Account

9. Export Benefits Receivable (104703):

This is account is been used by Fin users while creating manual entries its not
system generated account.