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Books to be maintained for excise audit

ronak (ARTICLE ASSITANT) (27 Points)

06 September 2016

hello everyone, Would Like to know that what type of books to be maintained for availing CENVAT Credit and other procedure to be followed for assessee liable for Excise Audit

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4 Replies

Nitesh joshi (Ca final) (115 Points)
Replied 06 September 2016

1. RG-1 register, i.e. daily stock account of excisable goods;

2. Form-IV register of receipt and issue of raw material;

3. Personal Ledger Account;

4. Invoice book.

5. Job work register

Additional record to be maintained by the assessee availing modvat.
1. RG-23A Pt.-I – entry book of input receipts;

2. RG-23A Pt.-II – entry book for taking credit of duty paid on inputs;

3. RG-23C Pt.-I – entry book of capital goods received;

4. RG-23C Pt.-II – entry book for taking credit of duty paid on capital goods;

5. Record of inputs sent for job work outside the factory under Rule 57F(4);

6. Record of inputs received in the factory for job work;

7. Challan book under Rule 4(5)a for sending inputs or partially processed inputs for job work;

8. Challan book for sending capital goods for tests, repairs etc. under Rule 57S.

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ronak (ARTICLE ASSITANT) (27 Points)
Replied 07 September 2016

thankyou nitish.

Lalit Sangani (M.Com. Asst. Manager Account) (731 Points)
Replied 10 September 2016

I agree with Mr. Nitin Joshi, but this books are not mandatory from last 6 to 7 year, you can provide your own books record ie. tally software print, or any other software print.