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of <h1>Central Excise Rules: Duty Required Before Removal; Indefinite On-Site Storage Allowed with Proper Records; Separate Accounts Needed</h1> According to the Central Excise Rules, goods manufactured cannot be removed from the production site without paying duty, but they can be stored there indefinitely without duty payment, provided proper records are maintained in a 'Daily Stock Account.' Goods can be stored outside the factory with permission and under certain conditions to safeguard revenue. Daily records must include details like description, quantity, and duty payable. Records should be authenticated and kept for five years. Separate accounts are needed for each product. For reprocessing, goods must be entered in the Daily Stock Account. Trading activities require separate premises and registration. Remission of duty is possible for damaged goods.
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