Pan masala – more Central Excise return
The Central Excise Rules are amended to add a new proviso to Rule 12 by which Pan Masala manufacturers are now required to file along with their monthly return a statement summarising
(i) the purchase invoices for the month with the names and addresses of the suppliers of betel nut, tobacco and packing material along with the quantity of the said goods purchased; and
(ii) the sales invoices for the month with the names and addresses of the buyers, description, quantity and value of goods sold by the assessee.
And if the goods are not sold from the factory, the address of the premises to which the goods are dispatched from the factory shall also be provided.
And pray, what is the Department going to do with all the information? Even the returns filed now are rarely scrutinized. May be they will send copies of these statements to the Board!
Notification No. dated the February 8, 2007