Dear All,
Theres a nano amendment in Rule 11 of Central Excise Rules 2002 (Not. 7/2008 dated 25th Jan. 2008). Lets see what the rule & amendment is,
Rule 11 prescribes what should be the content of the invoice. The contents prescribed are,
Now as per the amendment, in addition to this, if the concern is proprietorship or owned by Hindu Undivided Family, then name of the propritor or Hindi Undivided Family should be mentioned on it. This will establish the identity of the owner & will help Excise Department unearth cases wherein small entrprises collect Excise but don't reimburse it to the Govt.
Surely
this will cause inconvenience to the manufacturer who use pre-printed
invoice. In my opinion instead of getting new invoices printed it would
be better to mention the name by using a stamp.Theres a nano amendment in Rule 11 of Central Excise Rules 2002 (Not. 7/2008 dated 25th Jan. 2008). Lets see what the rule & amendment is,
Rule 11 prescribes what should be the content of the invoice. The contents prescribed are,
| 1 | Name & Address of asessee |
| 2 | Serial Number |
| 3 | Registration Number |
| 4 | Name of the consignee |
| 5 | Descripttion of goods |
| 6 | Classification |
| 7 | Time & Date of removal |
| 8 | Mode of transport |
| 9 | Vehicle Reg. No. |
| 10 | Rate of Duty |
| 11 | Quantity & Value of goods |
| 12 | Duty Payable thereon |
Now as per the amendment, in addition to this, if the concern is proprietorship or owned by Hindu Undivided Family, then name of the propritor or Hindi Undivided Family should be mentioned on it. This will establish the identity of the owner & will help Excise Department unearth cases wherein small entrprises collect Excise but don't reimburse it to the Govt.
Regards,
CA Pritam Mahure
Pune.
CAclubindia
