ER-7 FOR THE FINANCILA YEAR 2015-16

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1. ER-7 ARE COMPULSORY FOR FINANCIAL YEAR 2015-16

2. FINANCIAL YEAR 2015-16 NOT SHOW IN ER-7 ONLINE RETURN

3. ER-4 IS UPDATE IN EXCISE SITE

AI Summary

ER-7 Return Mandatory for 2015-16; Single Return Required by Nov 30, 2016, per Central Excise Rules Amendment. A discussion on the Central Excise forum addressed queries regarding the ER-7 return for the financial year 2015-16. One participant noted that ER-7 was compulsory for that year, but the online return did not reflect this. Another suggested referring to an amendment in the Central Excise Rules, 2002. It was clarified that from April 1, 2016, a single return was required, due by November 30, 2016, covering the 2015-16 financial year. Previous returns were abolished, and the new return format was pending notification. Another participant agreed with this explanation.