RG-1 is mandatory to maintain in binding book system, as the daily stock/ production/clearance is entered time to time basis , so it can not be allowed to maintain post transaction.

at the time of clearance of goods, invoice is prepared prior to actual clearance, and RG-1(DSA) entry is made prior to actual clearance, hence if allowed to get maintained in excell sheet, it may promote evasion that party may not show the production and clearance of certain goods. 

so DSA should be strictly maintained in binding form, and entries should be made prior to despatch of goods, for clearances, and at the end of day for manufacture, 

@ Satya ....... Yes, in our company we are doing the same practice but we have given prior intimation  to

range at bigining of the year .

The first page and the last page of each such account book shall be duly authenticated by the producer or the manufacturer or his authorised agent. All such records shall be preserved for a period of five years immediately after the financial year to which such records pertain. This records prepared under rule 22(2) of   CER 2001,  233B of Companies Act, are to made avialable to the concern authorities of Central Excise.

Dear Sathya,

As my view DSA (RG-I) is not mandatory to maintained, you can prepared it in excel sheet and take printout at the end of Month.

I think more expert opinions are required here even for other records like PLA, CENVAT account part-I and Part-II.

RULE 10.   Daily stock account.— (1) Every assessee shall maintain proper records, on a daily basis, in a legible manner indicating the particulars regarding descripttion of the goods produced or manufactured, opening balance, quantity produced or manufactured, inventory of goods, quantity removed, assessable value, the amount of duty payable and particulars regarding amount of duty actually paid.

(2)  The first page and the last page of each such account book shall be duly authenticated by the producer or the manufacturer or his authorised agent.

(3) All such records shall be preserved for a period of five years immediately after the financial year to which such records pertain.

can we maintain the DSA itemwise register or we are required to maintain all item details in single register...?

Dear Satya sir,

It is compulsory to maintain DSA as per Rule 10 of Central Excise rules 2002.

It can be maintained in softcopy in excel and whenever Dept. asks for verfication the same printout may be taken for their persual.

Further, I would like to highlight that, RG - 1 is nothing but sales register and DSA is Daily Stock Account. Excise dept. is concerned with production/manufacture & their removal and their sales as duty to be levied on removal & not on sales hence DSA is recommended. (Refer CBEC manual).

It can be maintained Tariff heading wise (Item wise) as the same would help the assessee while filing the excise returns.

Thanks a lot

Venkat

Further, I agree with soni chauhan sir,

We have to give intimation to the superintendent annually in advance and thereby ensuring no dispute from dept. in future.

Thanks

Venkat

What Is The Penalty for Not Properly Maintain of Daily Stock Register ?

What Is The Penalty for Not Properly Maintain of Daily Stock Register ?

Originally posted by : Ganesh Karad
	What Is The Penalty for Not Properly Maintain of Daily Stock Register ?

in case of  any visit by officers, they have liberty to assess any quantity on their own assumption and levy duty on it. 

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Non-maintenance of daily stock account as contemplated under rules or other information mentioned in other rules  by the assessee in his private records will mean contravention of specified rules attracting appropriate penal action. If such non-maintenance of records is with intent to evade payment of Central Excise duty, the more stringent penal provisions of the Central Excise Act and Central Excise Rules shall be attracted. Trade and industry are advised to ensure that the requisite information as required under amended rules is scrupulously maintained in their identified private records to avoid any penal action.

Dear sir,

Kindly confirm wether DSA is required for manufacturing unit who do not store their goods? the production in our organisation depends on number of purchase orders so do we require to maintain DSA Registers? 

Juhi   

Originally posted by : Juhi Thakur
	Dear sir, Kindly confirm wether DSA is required for manufacturing unit who do not store their goods? the production in our organisation depends on number of purchase orders so do we require to maintain DSA Registers?    Juhi

DSA  represents ,  production,  clearance as  well as  stock in  hand on the  "end of  day" it  also  displays  the  quantity and  value of  cleared  goods as well as duty  paid  or  payable,  alongwith  invoice  or  clearance  document  details.

while filing  ER1 or  ER3,  the  quantity and  value ,  with  duty  paid  is the  summery  of  DSA 

it  does not matter that  manufacturer does not  keeps  the  finish  goods in stock,  but  finish  goods  comes  in  existance  for  a while on any  specified  date  and  then get  cleared only,  it  does not  get  cleareed  during  the  process  line,  without  getting  finished,  

DSA or  RG1  is a mandatory  register  for  every  assessee. and must  be  maintained on  regular  basis