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RG excise registers

CA. Sheethal Purushothaman (Business Analyst) (37 Points)

27 September 2011

Hi,

Is maintenance of RG registers i.e RG1, RG23 A and RG23C still compulsory?? If not then what needs to be maintained by a manufacturing co under excise laws??

Thanks in Advance.

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10 Replies

CA Unnikrishnan Nair N (Chartered Accountant) (2083 Points)
Replied 27 September 2011

There is no prescribed format for any of the records. You can maintain private records containing prescribed particulars. Maintain in any format a daily production register, cenvat credit account ( inputs, capital goods input services) containing prescribed particulrs.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 27 September 2011

Originally posted by : CA. Sheethal Purushothaman
	Hi, Is maintenance of RG registers i.e RG1, RG23 A and RG23C still compulsory?? If not then what needs to be maintained by a manufacturing co under excise laws?? Thanks in Advance.

Except daily production register DSA( earlier RG-1), all other records can be maintained in self made formats with legible entry of claiming credit

DSA should be kept under hard bound format, with 1st and last page signed by the owner of factory, maintained on daily basis, ( for computerized DSA, if permitted, a print out should be taken on daily basis and signed by the owner and kept for records)

ARUN KUMAR (Financial Consultant ) (992 Points)
Replied 27 September 2011

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Gourav Choudhary (CA and CS finalist) (143 Points)
Replied 30 September 2011

Originally posted by : U S Sharma
	Except daily production register DSA( earlier RG-1), all other records can be maintained in self made formats with legible entry of claiming credit DSA should be kept under hard bound format, with 1st and last page signed by the owner of factory, maintained on daily basis, ( for computerized DSA, if permitted, a print out should be taken on daily basis and signed by the owner and kept for records)

Gourav Choudhary (CA and CS finalist) (143 Points)
Replied 30 September 2011

In addition,these registers can also be generated through the ERP system or can be maintained n excel sheet.

raj (student) (30 Points)
Replied 30 September 2011

Originally posted by : CA. Sheethal Purushothaman
	Hi, Is maintenance of RG registers i.e RG1, RG23 A and RG23C still compulsory?? If not then what needs to be maintained by a manufacturing co under excise laws?? Thanks in Advance.

sir its compulsary to maintain RG23 PART 1 AND RG23 PART 2 .SO THAT ON EXCISE AUDIT ,THE EVIDENCE OF EXCISE INPUT AND EXCISE OUTPUT CAN BE CLEARLY SHOWN IN THE BOOK OF ACCOUNT