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<h1>Central Excise Rules, 2002: Keep Records for 5 Years, File Returns Timely, Avoid Penalties. Electronic Filing Allowed.</h1> The Central Excise Practice Manual outlines the requirements for maintaining records, returns, and documents for assessees under the Central Excise Rules, 2002. Assessees must keep private records, including accounts, agreements, invoices, and daily stock accounts, for at least five years. They must file periodic returns, such as monthly or quarterly returns (ER-1/ER-2/ER-3), annual financial statements (ER-4), and principal input information (ER-5/ER-6). Non-compliance can lead to penalties. Records can be maintained electronically, with no specific permission needed, but must be preserved and provided upon request. Returns can also be filed electronically.