Introduction

Excise Duty is an indirect taxation on specific products to discourage the use of these products. In the Beverage Industry, alcohol is the most obvious product for which excise duties are calculated. Excise duty on alcohol needs to be paid periodically to the local Customs Office when the excise products are sold or released for consumption. A beverage company producing or trading products with excise duty on it, is required to have a clear and proper excise duty registration in place. The Aptean Excise Duty Management (EXC) extension helps beverage companies manage excise duty on alcohol and other regulated products by supporting proper registration, calculation, and periodic reporting to local customs authorities.