How to use J1IBN05 - Close Excise Bond

SAP Transaction Code - Details

• Transaction Code: J1IBN05

  Description: Close Excise Bond

  Release: S/4HANA and ECC 6

• • Program: SAPMJ1IBN

    Screen: 100

    Authorization Object:

  • Development Package: J1ICIN40A

    Package Description: CIN40A developments

    Parent Package: APPL

  • Module/Component: FI-LOC-LO-IN

    Description: Logistics India

Smart SAP Assistant

• SAP Tcode: J1IBN05 - Close Excise Bond

  
  Overview:
  The SAP transaction code J1IBN05 is used to close an excise bond in the SAP system. An excise bond is a type of surety bond that is required by the government for certain types of businesses, such as those that produce or sell alcohol, tobacco, or fuel. The bond guarantees that the business will pay any taxes or fees due to the government. 
  
  Functionality: 
  The J1IBN05 transaction code allows users to close an existing excise bond in the SAP system. This includes entering the details of the bond, such as the amount, date of issue, and expiration date. The transaction also allows users to enter any additional information related to the bond, such as notes or comments. 
  
  Step-by-step How to Use: 
  To use the J1IBN05 transaction code, follow these steps 
  1. Log into the SAP system and enter the J1IBN05 transaction code. 
  2. Enter the details of the excise bond you wish to close, such as the amount, date of issue, and expiration date. 
  3. Enter any additional information related to the bond, such as notes or comments. 
  4. Click “Save” to close the bond in the SAP system. 
  
  Other Recommendations: 
  It is important to ensure that all details related to an excise bond are entered correctly when using this transaction code. This includes double-checking all information before saving it in order to avoid any errors or discrepancies. Additionally, it is recommended that users consult with their company’s tax department before closing an excise bond in order to ensure that all taxes and fees are paid in full before closing the bond.