Daily production report under preview of excise law.

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What is importance of daily production report under excise law?. is it mandatory? and is there any reference to rule,act,circular/notification?.

AI Summary

Daily Production Reports Not Mandatory Under Rule 10 of Central Excise Rules 2002; Accurate Daily Records Still Crucial. A discussion on the necessity of daily production reports under excise law concluded that while maintaining a Daily Stock Account (DSA) is mandatory under Rule 10 of the Central Excise Rules, 2002, daily production reports or slips are not explicitly required. Various participants agreed that Rule 10 mandates maintaining proper records daily, but it does not specifically mention production slips. The discussion highlighted that although daily production reports are not required by current rules, maintaining accurate daily records is crucial for compliance and serves as evidence for monthly returns.