Maintaning of part-I is compulosory or not

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..... Maintaning of part-I is compulosory or not
Query (Issue) Started By: - Swapneswar muduli Dated:- 11-1-2017 Last Reply Date:- 13-1-2017 Central Excise
Got 4 Replies
Central Excise
Dear Sir .....

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..... , As we are a manufacturer of Exisable goods my query is, is this compulsory to maintain the part-1 register or not ? Regards Swapneswar Reply By KASTURI SETHI: The Reply: A manufacturer of excis .....

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..... able goods is to maintain account of raw material and that may be in any form i.e. erstwhile Form-IV, RG.23 Part.I or through books of accounts. Old registers have been dispensed with and it does not .....

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..... mean accountal of raw material is not required. Reply By MUKUND THAKKAR: The Reply: your inward and issue store records treated as part-1, need not maintain separately. but you have intimate dept re .....

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..... garding your private records. Reply By KASTURI SETHI: The Reply: Yes Sir. Intimation to the department is required to be given under Rule 22 of CE Rules, 2002. Reply By Ganeshan Kalyani: The Reply .....

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..... : The simplification has eased the assessee to a great extent.
Discussion Forum - Knowledge Sharing .....

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