Rule 7 - Daily stock account - Articles of Jewellery (Collection of Duty) Rules, 2016.

7. Daily stock account . - (1) Every assessee shall maintain separate records for receipt and sale of manufactured and traded articles, indicating the particulars regarding description of the manufactured articles, on a daily basis. (2) All records and documents maintained by the assessee for manufactured articles, including records showing receipts of articles manufactured or received back from job worker s premises, quantity of manufactured articles sold for the first time from the registered premises or centrally registered premises or branches of such centrally registered premises for home consumption, quantity of manufactured articles sold for the first time from the registered premises or centrally registered premises or branches of such centrally registered premises for exports or any other records and documents, shall be preserved for a period of five years immediately after the financial year to which such records pertain. (3) All records and documents maintained by the assessee for traded articles, including records showing value of their traded stocks at the time of purchase or any other records and documents, shall be preserved for a period of five years immediately after the financial year to which such records pertain. (4) All records of manufactured and traded articles maintained by the assessee under this rule shall be maintained on weight and caratage basis. (5) The assessee at his own option may preserve records under this rule in electronic form with every page of the record so preserved authenticated by means of a digital signature.