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

SAP Term: excise bond value

• Component: LO

• Component Name: Logistics - General

• Description: The amount of basic excise duty BED that is covered by an excise bond, as agreed with India's Central Board of Excise and Customs. This is the amount of BED that a company is exempt from paying on exports.

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• Key Concepts: 
  Excise Bond Value is a term used in SAP Logistics to refer to the value of a bond that is posted to cover the payment of excise duties. This bond is typically posted by a company when importing goods into a country, and it serves as a guarantee that the duties will be paid. The bond value is calculated based on the value of the goods being imported, and it must be sufficient to cover the amount of excise duty due. 
  
  How to use it: 
  In SAP Logistics, the Excise Bond Value is used to calculate the amount of excise duty due on imported goods. The bond value is entered into the system when creating an import document, and it is used to calculate the amount of duty due. The bond value must be sufficient to cover the amount of duty due, otherwise the import document will not be accepted. 
  
  Tips & Tricks: 
  When entering an Excise Bond Value into SAP Logistics, it is important to ensure that it is sufficient to cover the amount of duty due. If the bond value is too low, then the import document will not be accepted. It is also important to ensure that any changes in the value of goods being imported are reflected in the bond value. 
  
  Related Information: 
  The Excise Bond Value is closely related to other terms used in SAP Logistics such as Excise Duty and Import Duty. It is important to understand how these terms are related in order to properly calculate and post an Excise Bond Value. Additionally, it is important to understand how changes in exchange rates can affect the calculation of an Excise Bond Value.