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Issue ID: 111356
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Maintaning of part-I is compulosory or not

Date 11 Jan 2017
Replies 4 Replies
Views 872 Views
Asked by
Maintenance of Part I register: manufacturers must keep raw material accounts; private store records can suffice if the department is informed.
Manufacturers of excisable goods must maintain accounts of raw materials; this may be by traditional registers, the erstwhile specified formats, or through books of account. Discontinuation of old registers does not remove the accounting obligation. Internal inward and issue store records can function as Part I, but the department must be informed of reliance on private records in place of the old register. (AI Summary)

Dear Sir,

As we are a manufacturer of Exisable goods my query is, is this compulsory to maintain the part-1 register or not ?

Regards

Swapneswar

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