Rules of register

[pareshbhai vasava]

Dear Sir,

What is rules of R.G.-1,R.G.23 Part - I,R.G. 23 A Part - II, R.G. 23 C Part - II

Please advice me.

[YAGAY andSUN]

Dear Pareshbhai,

In the erstwhile Rules, R.G.-1,R.G.23A Part - I and Part II, R.G.23 C Part I and Part II, come under the purview of Statutory records. But now except DSA (earlier known as RG-1) and PLA, other RG 23A and C Part I and Part II are no longer treated at par with Statutory Records. You may also maintain the same in Computer Systems as Private records under intimation to Central Excise Department as required under Rule 22 (2) (i), (ii) and (iii).

Under the new Rules RG-1 now known as Daily Stock Account [DSA] (refer Rule 10 of the Central Excise Rules, 2002 as amended from time to time). It is required to be maintained on Daily Basis if there is no production, even then, there is a statutory requirement to mention 'NIL Production'.

Regards,

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

AI Summary

Daily Stock Account requirement continues; several RG registers reclassified as private records requiring departmental intimation. RG 1 is now the Daily Stock Account and must be maintained daily with a 'NIL Production' entry when no production occurs; DSA and PLA remain statutory records, while other RG 23A and RG 23C registers may be maintained as private records in computer systems subject to intimation to the Central Excise Department under Rule 22(2)(i)-(iii).