register 1

[pankaj kumar]

sir please tell me about RG 1 & how to use this

AI Summary

RG-1 Stock Register Not Mandatory Under Central Excise Rules 2002; Daily Stock Account (DSA) Required Instead A user inquired about the RG-1 stock register related to Central Excise. Respondents clarified that the RG-1 is no longer a statutory requirement under the Central Excise Rules, 2002, but can still be used for convenience. It records daily production, clearance, and stock balances of excisable goods, aiding in filing excise returns. The register must be maintained accurately, with entries matching physical stock. Although not mandatory, it helps during audits. An alternative is maintaining a computer-generated record with similar details. The Daily Stock Account (DSA) is now the relevant requirement, capturing daily production and dispatch details.