What is excise registration number in SAP FI - Financial Accounting?

SAP Term: excise registration number

• Component: FI

• Component Name: Financial Accounting

• Description: The number used to identify an excise registration India only. When a business registers with the local excise authorities, the authorities issue it a separate number for each registration.

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• Key Concepts: 
  Excise registration number is a unique number assigned to a company by the Indian government for the purpose of collecting excise duty. It is used to identify the company and its transactions related to excise duty. It is also known as Central Excise Registration Number (CENVAT). 
  
  How to use it: 
  In SAP Financial Accounting, excise registration number is used to identify the company and its transactions related to excise duty. It is entered in the company master data and used in all transactions related to excise duty. 
  
  Tips & Tricks: 
  It is important to ensure that the excise registration number is entered correctly in the company master data, as it will be used in all transactions related to excise duty. 
  
  Related Information: 
  Excise registration number is also known as Central Excise Registration Number (CENVAT). It is used in conjunction with other documents such as invoices, bills of lading, and shipping documents for the purpose of collecting excise duty.