Excise returns/maintainence of records
This query is : Resolved
19 October 2011
We go Form RC under Rule 9 of Central Excise rules, 2002 on 03/06/2011. we are registered as "Operating as a dealer of Excisable Goods" and engaged in buying and exporting the goods.(not 100% export).
we are having registered warehouse under excise where the goods are kept which are purchased from the registered excise dealers(manufacturers). Our product line is Readymade Garments. queries are
1) when the excise return should be filed, and which form
2)if we need to maintain any particular records for inventory purchased(specified format or book)
3) any forms to be issued while purchasing the goods or during exporting the goods
4) in case, we decide to change the warehouse which is not in same range where registered, what needs to be done?
quick reponses is really appriciated
Regards
CA Ashish Gupta
we are having registered warehouse under excise where the goods are kept which are purchased from the registered excise dealers(manufacturers). Our product line is Readymade Garments. queries are
1) when the excise return should be filed, and which form
2)if we need to maintain any particular records for inventory purchased(specified format or book)
3) any forms to be issued while purchasing the goods or during exporting the goods
4) in case, we decide to change the warehouse which is not in same range where registered, what needs to be done?
quick reponses is really appriciated
Regards
CA Ashish Gupta
19 October 2011
Further information- our reg no. ending with ED001.
also if there is any penalty for non filing of return(nil or otherwise)
also if there is any penalty for non filing of return(nil or otherwise)
22 October 2011
dealer return is mandatory for registered dealers, in absence, pass on of duty would get invalidated, and department may book case of concealment of facts and evasion.
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22 October 2011
thanks for the answer, can u give me point wise answer to have more clarity
24 October 2011
It maybe advisable to read a good comentary. On this site there is a book - central excise made simple in the files section. See chapter relevant to dealers.
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