No matching entries in external excise duty rates table

What causes this issue?

Cannot update with values entered as no excise duty rate is maintained
for the given combination of company, plant and ED group.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Ensure that the ED rate is already maintained for the combination
for which the group update. To see existing ED rates,
<DS:TRAS.O4K5>click here</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.