What is assessable value in SAP MM - Materials Management?

SAP Term: assessable value

• Component: MM

• Component Name: Materials Management

• Description: The value of goods that you have manufactured in-house as assessed by an authorized auditor, in India. This value is used as the base value for calculating excise duty.

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• Key Concepts: 
  Assessable value is a term used in Materials Management (MM) in SAP. It is the value of goods that is used to calculate the amount of taxes or duties that must be paid on the goods. It is usually calculated based on the cost of the goods, including any additional costs such as freight, insurance, and other charges. 
  
  How to use it: 
  In SAP MM, assessable value is used to calculate the amount of taxes or duties that must be paid on the goods. The assessable value is calculated based on the cost of the goods, including any additional costs such as freight, insurance, and other charges. The assessable value can then be used to calculate the amount of taxes or duties that must be paid on the goods. 
  
  Tips & Tricks: 
  When calculating assessable value in SAP MM, it is important to ensure that all costs associated with the goods are included in the calculation. This includes any additional costs such as freight, insurance, and other charges. It is also important to ensure that all taxes or duties applicable to the goods are taken into account when calculating assessable value. 
  
  Related Information: 
  The assessable value can also be used to calculate other taxes or duties such as customs duty or excise duty. It is important to ensure that all applicable taxes or duties are taken into account when calculating assessable value in SAP MM. Additionally, it is important to ensure that all costs associated with the goods are included in the calculation.