Form RT 12 amendment updates excise reporting fields to standardise stock, clearance and duty payment disclosures. The amendment substitutes the descriptive portion of FORM R.T.12 with a tabular format requiring entries for Unit; Opening Balance; Quantity Manufactured; Quantity Received from Outside; Total Quantity; Quantity Cleared on Payment of Duty; Quantity of Duty Free Clearances; Total Quantity Cleared; Closing Balance; Value of Goods Removed on Payment of Duty; Rate of Duty (and notification, if any claimed); and Duty Paid/Amount Paid with PLA/MODVAT.
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Form RT 12 amendment updates excise reporting fields to standardise stock, clearance and duty payment disclosures.
The amendment substitutes the descriptive portion of FORM R.T.12 with a tabular format requiring entries for Unit; Opening Balance; Quantity Manufactured; Quantity Received from Outside; Total Quantity; Quantity Cleared on Payment of Duty; Quantity of Duty Free Clearances; Total Quantity Cleared; Closing Balance; Value of Goods Removed on Payment of Duty; Rate of Duty (and notification, if any claimed); and Duty Paid/Amount Paid with PLA/MODVAT.
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