Central Excise - Annual stock taking under rule 223A of Central Excise Rules, 1944 - Central Excise - 62/88-CX.6

Central Excise - Annual stock taking under rule 223A of Central Excise Rules, 1944 Circular No. 62/88-CX.6 Dated 6-9-1988 [From F. No. 223/40/88-CX.6] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Central Excise - Annual stock taking under rule 223A of Central Excise Rules, 1944 Attention is invited to the Collector of Central Excise, Chandigarh's letter reference C. No. IV(16)209-Tech/87, dated 18-12-1987 copy appended below on the above subject. The suggestion indicated has not been found acceptable. However, in order to reduce the ill effects of contact with licencees, the Board has directed that such stock-taking should be done by a team of officers headed by an Assistant Collector for important factories. (COPY) CENTRAL EXCISE COLLECTORATE : CHANDIGARH C. No. IV(l6)209-Tech/87/ The Secretary, Central Board of Excise Customs, New Delhi. Dated:-18th Decmber, 1987. Sir, Subject : Central Excise - Annual stock taking under rule 223A of Central Excise Rules, 1944 C/Reg. Rule 223A provides for conducts stock taking of a factory or warehouse at least once in every year. All assessees file periodical returns indicating the quantity of excisable goods manufactured, cleared and amount of Central Excise duty paid. These returns are occasionally checked with reference to stock available in assessee's factory. A number of officers are utilised in stock taking and considerable travelling expenses are incurred. It is also the experience of this Collectorate that the results achieved from such stocktaking do not justify the work and expenditure thereon as also at inconvenience to assessees. There is therefore a strong case for dispensing with routine stocktaking especially in the light of the ongoing computerisation and the intention to reduce to the minimum the contact between the staff and licencees. The Board may, therefore, consider dispensing with annual stocktaking. Yours faithfully, Sd/- (Gowri Shankar) Collector