9911796707
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 ..... ertain 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 also contains the informa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 these records have been omitted now, namely, RG-17 (Daily Account of loose tea), RG-23A (Stock Account of Inputs (Part I) and Entry Book of Duty Credit (Part II), and RG-23C [Stock Account of Capital goods (P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g 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 been amended to modify the existing fields of information to be maintained daily by the tobacco-product manufacturers so as to also incorporate the fields of information which the biri manufacturers have to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 or other information mentioned in other rules mentioned above by the assessee in his private records will mean contravention of specified rules attracting appropriate penal Central Excise duty, the more st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 Registered Dealers was specified by a notification issued under rule 57GG, which rule has since been omitted. However, as this said Register is now required to be maintained under rule 52AA, it has been decided to re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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