What is excise bond balance in SAP LO - Logistics - General?

SAP Term: excise bond balance

• Component: LO

• Component Name: Logistics - General

• Description: The amount of money remaining on an excise bond. &EXAMPLE& You have a fixed excise bond with a value of INR 10,000. Since you obtained the bond, you have exported goods with a total basic excise duty BED of INR 6,000. That means that the bond balance is INR 4,000.

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• Key Concepts: 
  Excise Bond Balance is a term used in SAP Logistics to refer to the amount of money that is held in a bond account as security for the payment of excise taxes. This amount is typically held in an escrow account and is used to ensure that the taxes are paid on time. The bond balance is calculated based on the amount of excise taxes due and the amount of money held in the bond account. 
  
  How to use it: 
  In SAP Logistics, the Excise Bond Balance can be viewed in the Excise Tax Management (ETM) module. The ETM module allows users to view and manage their excise tax liabilities, including the bond balance. The bond balance can be used to determine how much money needs to be deposited into the bond account in order to cover any potential excise tax liabilities. 
  
  Tips & Tricks: 
  It is important to regularly monitor the Excise Bond Balance in order to ensure that there are sufficient funds available to cover any potential excise tax liabilities. Additionally, it is important to ensure that any deposits made into the bond account are accurately reflected in the Excise Bond Balance. 
  
  Related Information: 
  The Excise Bond Balance is closely related to other terms such as Excise Tax Liability and Excise Tax Payment. It is important to understand how these terms are related in order to effectively manage excise tax liabilities. Additionally, it is important to understand how different types of bonds, such as surety bonds, can affect the Excise Bond Balance.