RG23 - details required

[G.Narayanan Ganapathy]

Please clarification RG23 what purpose use and breifly details given 

[PAWAN KUMAR]

There are following RG23 registers under the excise law :

RG23A Part I  - it is mainly used for inventory of duty paid Inputs/Raw Materials.

RG23A Part II - It is used for accounting of Cenvat credit taken of duty paid on Inputs/Raw Materials.

RG23C Part I  - it is mainly used for inventory of duty paid Capital Goods/Items.

RG23C Part II - It is used for accounting of Cenvat credit taken of duty paid on Goods/Items.

RG23D  - it is mainly used for inventory and Accounting of Cenvat Credit taken and passed of duty paid on Capital Goods/Items/Inputs/Raw Materials received by the Dealers.

However in the present, The statutory records is not compulsorily required. The assessee can maintain his private records covering all the informations as per the excise provisions and preserve the authenticated copies of such records for audit or any enquiry or official record.

AI Summary

RG23 registers clarify inventory and Cenvat accounting duties while allowing private authenticated records for audit. RG23 registers record and classify excise inventory and Cenvat accounting: RG23A Part I for inventory of duty paid inputs/raw materials; RG23A Part II for accounting of Cenvat credit on inputs/raw materials; RG23C Part I for inventory of duty paid capital goods/items; RG23C Part II for accounting of Cenvat credit on goods/items; RG23D for inventory and accounting of Cenvat credit taken and passed on duty paid capital goods/items/inputs/raw materials received by dealers. Statutory maintenance of these registers is not compulsory; private records with authenticated copies may be preserved for audit.