Procedure to dispose off Excise Invoice after 5 years

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..... Dear Sir, Please provide us the procedure to dispose off the Excise records after 5 years. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Sub-rule (3) of Rule 10 of Central Excise Rules, 2002 stipulates that all such records shall be preserved for a period of five years immediately after the financial year to which such records pertain . The term all such records means stock a .....

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..... ccount, invoices, copies if periodical returns filed etc. - Reply By YAGAY AND SUN - The Reply = However, if any litigation is pending then such record needs to be preserved till such matter attains finality. It is a settled legal position. - Reply By Ganeshan Kalyani - The Reply = In my understanding the law provides provided for maintenance of records , but it does not mention about the me .....

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..... thod of destroying the records after keeping it for prescribed time period. Thanks. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The Act provides statutory time limit as told by Shri Ranaganathan Sir. Disposal of records is at your own convenience. - Reply By Ganeshan Kalyani - The Reply = What are the ways the corporate offices destroy the records that are old. Paper shredder is a machin .....

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..... e which cuts the paper into small pieces. Burning out the papers. Etc. - Reply By YAGAY AND SUN - The Reply = Provision of Company Law read with other allied laws which are for the time being in force must be complied with in such matters. - Procedure to dispose off Excise Invoice after 5 years - Query Started By: - SANDESH SHINDE Dated:- 22-9-2016 Central Excise - Got 6 Replies - Central Ex .....

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..... cise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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