TaxTMI 
TaxTMI 
C.Ex Rules, 1944- amended- private records of assessee acceptable
X X X X Extracts X X X X
X X X X Extracts X X X X
....1) In rule 47, sub-rule (4) shall be omitted; (2) In rule 49, in sub-rule (1), in clause (b), in sub-clause (I), for the words, letters and figures' in Form RG-1 with the amendment in the said Form RG-1 that for the words "On payment of duty", the words "Amount of duty payable" had been substituted", the words and figure, "in daily stock account maintained under rule 53" shall be substituted (3) In rule 53,- (i) in sub-rule (1),- a. the words " in such Form as the Commissioner may in any particular case or class of cases allow," shall be omitted; b. in clause (e), for the words "quantity removed, after payment of duty," the words "quantity and value, of goods removed on which duty is required to be paid" shall be substituted;....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ained under rule 53" shall be substituted; (8) In rule 94, (i) In sub-rule (1), (a) for the words "Every manufacturer of excisable tobacco products shall enter in a register in the proper Form or in such other form as the Commissioner may in any particular case allow, the following and such other particular as the Commissioner may by general or special order require, namely:-" the words "Every manufacturer of excisable tobacco products including raw biri, whether loose, lapelled or unlabelled, shall maintain proper records and shall enter in such account the following particulars, namely:-" , shall be substituted: (b) after clause (v) the following clause shall be inserted, namely:- "(vi) receipt of raw biris from the contracto....
X X X X Extracts X X X X
X X X X Extracts X X X X
....a dictionary and explanation for codes used and total number of records in each field alongwith sample copies of documents and whenever changes are made in the aforesaid systems adopted by the assessee, he shall inform the proper officer and submit the relevant document. (4) The assessee shall be responsible for keeping, maintaining, retaining and safeguarding records. (5) Every assessee shall, on demand makes available to the Central Excise Officer or the audit party deputed by the Commissioner or the Comptroller and Auditor General of India, the following, namely:- i. The records maintained or prepared by him in terms of sub-rule (2); ii. The cost audit reports, if any, under section 223B of the Companies Act, 1956 (1 of 1956)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ery assessee shall preserve the records, including books of accounts and source documents and data in any electronic media, where any document is generated on computer, for five financial years immediately after the financial year to which the records pertain."; (9) In rule 100F, for the words "Within seven days" the words "Within ten days" shall be substituted; (10) In rule 100H,- i. In sub-rule (1), for the figures and letters "50,52,52A,53,53A,54,55,56A,56AA,56B,56C,57A,57Q" the figures and letters a 52,52A,53,54,56B,57AB" shall be substituted; ii. In sub-rule (2), for the figures and letters "50,52,52A,53,53A,54,55,56A,56AA,56B,56C,57A,57Q" the figures and letters "52,52A,53,54,56B,57AB" shall be substituted; (11) For rul....
X X X X Extracts X X X X
X X X X Extracts X X X X
....stituted', the words and figures "in daily stock account maintained under rule 53" shall be substituted; (b) in clause (c), for the words "paid on excisable goods and the credit", the words "paid, for the purpose of these rules, on excisable goods removed in the manner prescribed in this sub-rule, and credit" shall be substituted; (ii) in sub-rule (3), for the words "Within five days" the words "Within ten days" shall be substituted; (14) in rule 194, for sub-rule (1), the following sub-rule shall be substituted, namely:- "(1) The goods so obtained shall be stored in a store-room, the key of which shall remain in personal custody of the applicant or his manager and the applicant or his manager shall maintain proper records indic....