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Published byBetty Barker Modified over 9 years ago
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Order of import of excise commodities By: Gulnoza Akbarova
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Order Import Order Import is Order Management's open interface for entering, changing or canceling orders and returns. Order Import provides many features to ease the work of integrating order data from external and other types of system.
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Order Import's main task Order Import's main task is to provide a batch- like facility for inputting large numbers of orders into Order Management. Once orders are imported into the base Order Management tables, the order and line workflows are started. All subsequent processing, including sourcing and scheduling activities, takes place as though the order were input manually.
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Order Import can enter a new customer account with minimal data at the sold-to level on the order header. Order Import then creates a new customer account and, if all required data is present and valid in the interface tables, a party.
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Excise tax and commodities An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities.dutytaxgoods
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Tobacco, alcohol and gasoline These are the three main targets of excise taxation in most countries around the world. They are everyday items of mass usage (even, arguably, "necessity") which bring huge profits for governments.
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Cont’d The first two are considered to be legal drugs, which are a cause of many illnesses (e.g. lung cancer, cirrhosis of the liver), which are used by large swathes of the population, with tobacco being widely recognized as addictive. Gasoline (or petrol), as well as diesel and other fuels, meanwhile, despite being indispensable to modern life, have excise tax imposed on them mainly because they pollute the environmentlegal drugslung cancercirrhosis of the liveraddictive
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Excise tax in some countries Canada- Both the federal and provincial governments impose excise taxes on inelastic goods such as cigarettes, gasoline, alcohol, and for vehicle air conditioners.inelasticcigarettesgasolinealcoholair conditioners Canada has some of the highest rates of taxes on cigarettes and alcohol in the world.
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United States Both the federal and state governments levy excise taxes on goods such as alcohol, motor fuel, and tobacco products Even though federal excise taxes are geographically uniform, state excise taxes vary considerably. However, taxation constitutes a substantial proportion of the retail prices on alcohol and tobacco products.
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India In India, almost all manufactured products are included for excise duty. In India, for getting excise tax, Govt. of India has made Automation of Central excise and service tax. with this, manufacturer can easily pay their excise tax online on every 5th of following the month through GAR-7.
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