RULE 53. Daily stock account

(1) Every manufacturer shall maintain a stock account and shall enter in such account daily -

(a) description of goods,
(b) opening balance,
(c) quantity manufactured,
(d) quantity deposited in the store-room, or other place of storage approved by the Commissioner under rule 47,
(e) quantity and value of goods removed on which duty is required to be paid from such store-room or other place of storage or from the place or premises specified under rule 9,
(f) quantity and value of goods delivered from the factory without payment of duty for export or other purposes, and
(g) the rate of duty and the amount of such duty paid or payable, as the case may be :

Provided that a manufacturer who furnishes a declaration in the Form annexed hereto may be exempted by the Commissioner from making nil entries in the above account on days on which there is no production, receipt in store-room, or clearance of excisable goods.

Provided further that the Chief Commissioner of Central Excise may allow by, general or special order, a manufacturer, to make entries in respect of such goods, in such manner, at such interval, and subject to such conditions and limitations, as may be specified in such order.

DECLARATION

The Commissioner of Central Excise having permitted me/us, in relaxation of the provisions of rule 5312 of the Central Excise Rules, 1944, to make entries in the different openings of the stock account only on those dates when there is any transaction of the nature mentioned in the said rule in respect of the particular description/variety /size of packing of the excisable goods, I/we hereby solemnly declare that no such transaction has taken place on any date for which no entries are made in the stock account for the particular description/ variety / size of packing of the goods. I/We hereby undertake to make regular / daily entries in the said account in respect of each description/ variety / size of packing of the goods in respect of each transaction mentioned in rule 53 of the said rules on the particular day.

Signature of registered person

(2) The stock account maintained under sub-rule (1) shall, after being filled up, be preserved for a period of not less than five years and kept available for inspection by any officer.