11 January 2014
RG-1 Register is stock book for excise manufacturing unit, which contain details of manufacture, clearance and duty paid with value date wise. RG-1 Register is to be maintained date wise, for opening stock, quantity manufactured, quantity cleared on payment of duty/without payment of duty/closing stock, amount of duty involved, invoice and data. At the end of the month a summary has to be prepared to show the opening stock, production, clearance and closing stock and value of clearance with duty amount. The said register is not required to be submitted to the Central Excise Department.
E.R.1/E.R.3 is the summery of RG-1 register which one submits to excise department, but one can not deny to produce the same for any scrutiny / verification if asked for, in writing by AC/DC for specific purpose, Audit party has access to all the books and records maintained under excise and/or any other law to run the business, one can not deny to produce the records to them when asked.