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Procedure to dispose off Excise Invoice after 5 years
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....rocedure to dispose off Excise Invoice after 5 years<br> Query (Issue) Started By: - SANDESH SHINDE Dated:- 22-9-2016 Last Reply Date:- 24-9-2016 Central Excise<br>Got 6 Replies<br>Central Excise<br>Dear Sir, Please provide us the procedure to dispose off the Excise records after 5 years. Reply By Rajagopalan Ranganathan: The Reply: Sir, Sub-rule (3) of Rule 10 of Central Excise Rules, 2002 st....
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....ipulates that " all such records shall be preserved for a period of five years immediately after the financial year to which such records pertain". The term "all such records" means stock account, invoices, copies if periodical returns filed etc. Reply By YAGAY AND SUN: The Reply: However, if any litigation is pending then such record needs to be preserved till such matter at....
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....tains finality. It is a settled legal position. Reply By Ganeshan Kalyani: The Reply: In my understanding the law provides provided for maintenance of records , but it does not mention about the method of destroying the records after keeping it for prescribed time period. Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: The Act provides statutory time limit as told by Shri Ranaganathan Sir.....
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.... Disposal of records is at your own convenience. Reply By Ganeshan Kalyani: The Reply: What are the ways the corporate offices destroy the records that are old. Paper shredder is a machine which cuts the paper into small pieces. Burning out the papers. Etc. Reply By YAGAY AND SUN: The Reply: Provision of Company Law read with other allied laws which are for the time being in force must be c....
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....omplied with in such matters.<br> Discussion Forum - Knowledge Sharing ....