TaxTMI 
TaxTMI 
Please clarification RG23 what purpose use and breifly details given
RG23 - details required
30 May 2014 
1 Reply 
16581 Views Asked by
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. (AI Summary)
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. (AI Summary)