https://www.taxtmi.com/circulars?id=266 Factories meeting the high excise-payment threshold may elect to maintain their ordinary private books in lieu of prescribed statutory records, provided those records contain required information about production, materials and duty and are maintained with daily entries (unless otherwise permitted). The Commissioner may deem such private records proper and exempt the class from prior authentication; assessees must notify the Commissioner in writing identifying which private records replace each statutory record. Computerised records require monthly printed, serialised and bound copies, specified summary returns must still be submitted, and records must be preserved for a minimum period. en-us Thu, 20 May 1999 00:00:00 +0530 Tue, 23 Sep 2008 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=266 Factories meeting the high excise-payment threshold may elect to maintain their ordinary private books in lieu of prescribed statutory records, provided those records contain required information about production, materials and duty and are maintained with daily entries (unless otherwise permitted). The Commissioner may deem such private records proper and exempt the class from prior authentication; assessees must notify the Commissioner in writing identifying which private records replace each statutory record. Computerised records require monthly printed, serialised and bound copies, specified summary returns must still be submitted, and records must be preserved for a minimum period. Circulars Central Excise Thu, 20 May 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=266