invoice system

[jagannath prasad]

Can a central excise assessee maintain both excise invoice under rule 11 as well as commercial invoice.

AI Summary

Can Excise Assessees Maintain Separate Excise and Commercial Invoices? Rule 11 Insights and Clarifications Explained. A query was raised regarding whether a central excise assessee can maintain both excise invoices under Rule 11 and commercial invoices. Responses varied: one stated that commercial invoices are private documents not prescribed under Rule 11, while another highlighted that excise invoices are for excise purposes and commercial invoices for VAT/sales tax, both allowed under respective acts. Another response clarified that only one set of invoices is maintained under Rule 11, but separate sets for local sales and exports are permissible with notification to excise authorities. The discussion concluded with agreement on the comprehensive explanation provided.