TaxTMI 
TaxTMI 
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.
What is Form IV
07 Dec 2012 
5 Replies 
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Raw material register rules relaxed where private or computerized records are maintained, with prior intimation to excise authorities.
Form IV is the register of receipt and issue of raw materials; statutory maintenance of Form IV and RG-23A Part I has been replaced by private or computerized records provided those records contain required details. Where private/computerised records substitute statutory registers, prior intimation to the concerned excise range authority and submission of a list of records is required. Form IV remains relevant for non-duty-paid inputs procured from a mix of excise-registered and exempt suppliers, with related Form VI considerations. (AI Summary)
Form IV is the register of receipt and issue of raw materials; statutory maintenance of Form IV and RG-23A Part I has been replaced by private or computerized records provided those records contain required details. Where private/computerised records substitute statutory registers, prior intimation to the concerned excise range authority and submission of a list of records is required. Form IV remains relevant for non-duty-paid inputs procured from a mix of excise-registered and exempt suppliers, with related Form VI considerations. (AI Summary)