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TMI BlogDispensation of statutory records – amendment of C. Fx. Rules, 1944 (w.e.f. 1.7.2000)X X X X Extracts X X X X X X X X Extracts X X X X ..... escribed proforma Certain other Rules have also been amended by this notification consequent to the provisions relating to fortnightly payment of duty and the changes are briefly summarised below:- I. Changes relating to dispensation of Statutory Records 2. At the outset, it is clarified that dispensation of statutory records maintained hitherto in prescribed proformae should not be construed as complete freedom and dispensation of record keeping all together. Certain minimum records every manufacturer has to maintain for his own internal controls. For effective enforcement of any tax system, assesses will have to maintain certain basic records. So long as manufacturer keeps methodically those basic records on regular basis which al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amps (Credit) 67 RG-12 Register of manufacture of excisable tobacco products 94 RG-12A (Biris) Register of manufacture of excisable tobacco product-for biris 94 RG-12B Register of manufacture of excisable tobacco products-raw biris 94 RG-16 Register of excisable goods used without payment of duty or payment of part duty, for special industrial purposes 194 WRG-1 Warehouse Register (Public) 168 WRG-2 Warehouse Register (Private) 173 3.1 Apart the above Forms, the following Forms which remained in the Appendix to the Central Excise Rules, 1944 even after omission f the relevant rules which prescribed thes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been omitted. Accordingly, whereas the statutory record/Form "RG-1" has been dispensed with and omitted from the Rules, the manufacture will have to maintain daily stock account on their own incorporating the information as mentioned in Rule 53. 4.2 In rule 67, the minimum fields of information have been incorporated, which the assessee will necessarily maintain in his private records. Rule 76 has been amended so that the match industry maintains the daily stock account under rule 53 in respect of matches manufactured by them similar to other manufactures. Consequently, sub-rule(4) of rule 47 has been omitted. The statutory records/Forms "RG-3, RG-3 (credit) and EB-4 (matches)" have also been omitted from the Rules. 4.3 Rule 94 has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ees will be accepted with effect from 1st July, 2000, the earlier list of records maintained and furnished by the assessee to the proper officer in terms of Rule 173G (5) or Rule 94 may require revision. It is, therefore, instructed that every assessee be asked to furnish the list of all records prepared or maintained by him for accounting of transactions in regard to receipt, purchase, manufacture, storage, sales or delivery of goods including inputs and capital goods, in terms of rule 94 and 173G (5) of the Central Excise Rules, 1944. If there is any modification in the list, the same may be communicated to the Department as and when such modification takes place. 7. Non-maintenance of daily stock account as contemplated under Rule 53 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xtended upto the tenth day of the succeeding month. 10. Considering the deletion of rules - 50, 55, 56A, 56AA, 56C, 57A and 57Q, and insertion of new rule relating to CENVAT, namely, rule 57AB, consequential amendments have been made in rule 100H of the Rules. 11. When the system of "fortnightly payment of duty" was introduced, a reference to "RG-1" was made in rule 49(1) and rule 173G(1) requiring the assessee to specify 'duty payable' in this register. Since statutory record "RG-1" has now been omitted, the aforementioned rules have been suitably amended and it is now provided that the assessee will record the duty payable particulars "in the daily stock account" maintained under rule 53. 12. The previous RG23D Register for Register ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or Importer Exporter Code (Importer) Rate and Amount of duty (both in words and figures) Quantity Total amount of duty (both in words and figures) Description of goods 1 2 3 4 5 6 7 Issue Invoice No. and Date or Bill or Entry and date, of the supplier if he is not manufactuer or importer Name and address of manufacturer of Importer including Central Excise Range, Division and Commissionerate, Customs House Quantity Tariff Heading or sub-heading Rate and amount of duty (both words and figures) Invoice No. date Name of the Customers to whom goods are sold including Central Excise Range, Division and Commissionerate, Customs House Quantity Total amount of duty (both words and f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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