How To Fix OB040 - The excise duty revaluation is not activated for this company code

SAP Error Message - Details

• Message type: E = Error

• Message class: OB - IS-OIL Downstream TDP messages

• Message number: 040

• Message text: The excise duty revaluation is not activated for this company code

What causes this issue?

A tax revaluation cannot be made because the relevant indicator has not
been set in table OI001 (company code parameters).

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

In Customizing for <ZK>TDP</>, you can check whether excise duty
revaluation for this company code has been activated by choosing
<ZK>Global Settings</> -> <ZK>Parameter Assignments</> -> <ZK>Maintain
IS-Oil company code parameters</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OB040 - The excise duty revaluation is not activated for this company code ?

  The SAP error message OB040, "The excise duty revaluation is not activated for this company code," typically occurs in the context of excise duty management in SAP, particularly in countries where excise duties are applicable, such as India.
  Cause:
  This error indicates that the excise duty revaluation feature has not been activated for the specified company code in the SAP system. This feature is necessary for managing excise duties effectively, especially when dealing with transactions that involve excise duty calculations and adjustments.
  Solution:
  To resolve this error, you need to activate the excise duty revaluation for the relevant company code. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Excise Duty -> Activate Excise Duty Revaluation
  
  
  
  
  Activate Excise Duty Revaluation:
  
  In the configuration settings, find the option to activate excise duty revaluation.
  Select the relevant company code for which you want to activate this feature.
  Ensure that the necessary settings are configured correctly.
  
  
  
  Save the Configuration:
  
  After making the changes, save the configuration settings.
  
  
  
  Test the Changes:
  
  After activation, perform a test transaction that previously resulted in the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP documentation or help files for detailed instructions on excise duty configuration.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  Consulting SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to excise duty management.
  Support: If the issue persists after activation, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the OB040 error and successfully activate excise duty revaluation for your company code.