TaxTMI 
TaxTMI 
What is the maximum number of years for keeping the records of excise / service tax for an EOU?
Time limit for keeping records
05 Oct 2009 
3 Replies 
13888 Views Asked by
Record retention requirements: retain excise and service tax records from the triggering event and preserve export procurement files for debonding.
Retention of excise and service tax records for Export Oriented Units is generally expected for a five-year period counted from the date the liability arises or the triggering event occurs. EOUs should nonetheless keep export and duty-free procurement records for their entire tenure until debonding to facilitate verification, and may retain scanned copies where physical storage is limited. (AI Summary)
Retention of excise and service tax records for Export Oriented Units is generally expected for a five-year period counted from the date the liability arises or the triggering event occurs. EOUs should nonetheless keep export and duty-free procurement records for their entire tenure until debonding to facilitate verification, and may retain scanned copies where physical storage is limited. (AI Summary)