Simplified central excise procedure: licensed small scale industry units within exemption limits may file quarterly excise returns. Licensed small scale industry manufacturers whose clearances remain within the full exemption limit under the relevant SSI exemption notification shall furnish a quarterly return in the proforma of Annexure B in lieu of monthly RT 12 returns. A separate return is required for each tariff item, entries must follow the opening balances in the Daily Account Register, and the return must include opening balance, quantity manufactured, removals by purpose, values, closing balance and the declaratory signature of the assessee or authorised agent.
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Simplified central excise procedure: licensed small scale industry units within exemption limits may file quarterly excise returns.
Licensed small scale industry manufacturers whose clearances remain within the full exemption limit under the relevant SSI exemption notification shall furnish a quarterly return in the proforma of Annexure B in lieu of monthly RT 12 returns. A separate return is required for each tariff item, entries must follow the opening balances in the Daily Account Register, and the return must include opening balance, quantity manufactured, removals by purpose, values, closing balance and the declaratory signature of the assessee or authorised agent.
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