Central Excise Duty

Registration:

Every person who produces or manufactures excisable goods, is required to get registered, unless exempted. If there is any change in information supplied in Form A-1, the same should be supplied in Form A-1.

Daily Stock Account/ RG 1 Register

Manufacturer is required to maintain Daily Stock Account (DSA) of goods manufactured, cleared and in stock.

Clearance of goods under Invoice

Goods must be cleared under Invoice of assessee. In case of cigarettes, invoice should be countersigned by Excise officer

Payment of excise duty

Duty is payable on monthly basis through GAR-7 challan / Cenvat credit by 5th/6th of following month, except in March. SSI units have to pay duty on quarterly basis by 5th/6th of month following the quarter. Assessee paying duty through PLA more than Rs 10 lakhs per annum is required to make e-payment only

Returns of production, clearances and payment of excise duty

Monthly return in form ER-1 should be filed by 10th of following month. SSI units have to file quarterly return in form ER-3. EOU/STP units to file monthly return in form ER-2 – see rule 17(3) of CE Rules E-return is mandatory where duty paid in previous year (by cash and/or through Cenvat credit) exceeded Rs 10 lakhs in previous year.

Annual Financial Information

Assessees paying duty of Rs one crore or more per annum through PLA are required to submit Annual Financial Information Statement for each financial year by 30th November of succeeding year in prescribed form ER-4