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register 1

Central Excise - Started By: - pankaj kumar - Dated:- 27-11-2015 Last Replied Date:- 30-11-2015 - sir please tell me about RG 1 & how to use this - Reply By KASTURI SETHI - The Reply = RG 1 stock register is no more statutory record. Under Rule 10 of Central excise Rules, 2002, you can maintain own record for proper accountal of excisable finished goods. The entries regarding production, clearance and balance are to be made in columns on daily basis Separate entries are required for each pro .....

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nt for finished Stock and is also called as stock book of finished stock. It contains the daily opening stock, production and clearance for home consumption, export or domestic sales, transfers etc. and closing stock. At the end of the month a summary has to be prepared to show the opening stock, production, clearance and closing stock and value of clearance with duty amount.The Excise officials including Internal Audit, CERA party will verify the RG-1 Register kept in the Unit at the time of th .....

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for opening stock, quantity manufactured, quantity cleared on payment of duty / without payment of duty / closing stock...... amount of duty involved, invoice no and date.All day to day entries relating to production are required to be entered at the end of each working day or following day. All excise invoices that are prepared for various clearances with/without payment of duty, local/export sales, and transfers/as such clearances are to be entered in the RG1 register.The closing stock shown .....

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