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of <h1>Board Mandates Team-Led Stock Taking in Significant Factories u/r 223A; Rejects Proposal to Dispense Routine Checks.</h1> The circular addresses the annual stock taking required under Rule 223A of the Central Excise Rules, 1944. A suggestion from the Central Excise Collectorate, Chandigarh, to dispense with routine stock taking due to its inefficiency and expense was deemed unacceptable by the Board. To minimize contact with licensees, the Board mandates that stock taking in significant factories be conducted by a team led by an Assistant Collector. The letter highlights the inefficiency and inconvenience of current practices, especially given the ongoing computerization efforts aimed at reducing direct interactions between staff and licensees.
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