What is Form IV

[guna ch]

Dear Sir/s,

Kindly advise me what is FORM IV (Ramaterial Record) ,

We are recording the rawmaterial Qty in RG 23 A Part-I , then why should we use this form IV , what is the impact of this record.

[JAMES PG]

Form IV is the  register of receipt and issue of raw materials which. With the replacement of  private records in lieu of statutory records, no separate Form V is required provided you maintain private accounts for receipt, issue and closing stock of raw materials

[YAGAY andSUN]

Private records are sufficient to record the transaction pertaining to inward/outward of Rawmaterial. But prior intimation is required to be furnished to the concerned C.E. Authorities.  Records maintained in the computer system is also allowed.

No requirement to maintain the R.G.23A Part I and Form IV.

 

[CASeetharaman KC]

Records maintained in the computer would be sufficient as long as it gives all details required. Maintainence of statutory records have been done away with

[KIRTIKUMAR PUROHIT]

Form_IV is the register for Non Duty paid Input or raw-material and it is to be maintained when you purchase one same input from Excise Registered assessee and Exempted unit, in that case for this you have required to keep  Form-VI but now a days when computersied record can maintained than its not satutory record just you have to submit list of record maintained to concern jurisdiction Range office and you can also submit it online.

[jayaprakash jagirdar]

Records maintained in the computer ,

No requirement to maintain the R.G.23A Part I and Form IV.

AI Summary

Form IV for recording raw materials is obsolete; private or computerized records suffice with prior notification. Form IV is a register for recording the receipt and issue of raw materials, traditionally used in conjunction with RG 23 A Part-I. However, maintaining private records or computerized systems is now sufficient, eliminating the need for Form IV and statutory records. Prior notification to the Central Excise authorities is required when using private records. Form IV was specifically for non-duty paid inputs, but computerized records have replaced the need for this form, provided a list of maintained records is submitted to the relevant jurisdictional office, which can also be done online.