ADVOCATE
7557 Points
Joined October 2010
RG 1 is a production register to be kept in the manufacturing Unit. This is meant for Finished Stock and otherwise it is called as stock book of Finished stock. It contains the daily opening stock, production in and clearance for home consumption, export or domestic sales, transfers etc., and closing stock. 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 Excise officials including Internal Audit, CERA party will verify the RG 1 Register kept in the Unit at the time of their visit. This need not be submitted to the department, since the entire details of the RG1 is entered in the Excise Return itself.
Moreover, the department has already clarified that the unit can have its own record with the same details as apppearing in the RG1 register. And hence it is upto the excise unit to have RG1 or its own computer generated report duly signed with all details of RG1.
rengaraj.r.k