Maintaning of part-I is compulosory or not, Central Excise

[Swapneswar muduli]

Dear Sir,

As we are a manufacturer of Exisable goods my query is, is this compulsory to maintain the part-1 register or not ?

Regards

Swapneswar

Posts / Replies

[KASTURI SETHI]

A manufacturer of excisable 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 mean accountal of raw material is not required.

[MUKUND THAKKAR]

your inward and issue store records treated as part-1, need not maintain separately. but you have intimate dept regarding your private records.

[KASTURI SETHI]

Yes Sir. Intimation to the department is required to be given under Rule 22 of CE Rules, 2002.

[Ganeshan Kalyani]

The simplification has eased the assessee to a great extent.