What is excise duty add back in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

SAP Term: excise duty add back

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: Individual excise duty rates are added together and the sum is then issued as a value with the opposite sign +/-.

Smart SAP Assistant

• Key Concepts: 
  Excise duty add back is a feature of the IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP. It allows companies to add back excise duties that have been paid on certain goods and services. This feature helps companies to reduce their tax liabilities and improve their profitability. 
  
  How to use it: 
  To use the excise duty add back feature, companies must first identify the goods and services that are eligible for the add back. Once identified, they must enter the details of the excise duty paid on these goods and services into the system. The system will then calculate the amount of excise duty that can be added back and adjust the company’s tax liability accordingly. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered accurately into the system in order for the excise duty add back feature to work correctly. Companies should also keep track of any changes in excise duty rates as this could affect their tax liabilities. 
  
  Related Information: 
  The IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP also includes features such as duty deferment, duty exemption, and duty remission. These features can help companies to further reduce their tax liabilities and improve their profitability.