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<h1>CBEC Manual: Assessees Must Keep Detailed Excise Records for 5 Years, Submit Returns, and Comply with Electronic Record Rules.</h1> The CBEC Manual outlines the requirements for maintaining records and filing returns under the Central Excise Rules. Assessees are required to maintain private records, which must include details such as production, stock, and duty payments, and preserve them for five years. Monthly or quarterly returns must be submitted, detailing production, removal of goods, and CENVAT credit. The manual also permits electronic record-keeping without specific departmental permission, provided records are maintained in an electronically readable format and backed up. Assessees must produce records upon request and may face penalties for non-compliance or misuse of electronic record-keeping privileges.