Wednesday, January 23, 2008

Excise-Exempted Units Required To File Quarterly Returns

New Delhi: Industrial units in Uttarakhand and Himachal Pradesh will now be needed to file quarterly returns with the excise department giving out production details, value of goods cleared by them and the transactions undertaken with their related units. They have no database on the number of units in Uttarakhand and Himachal Pradesh that are availing excise exemption and also the extent of duty foregone. Quarterly returns would have to be filed by units for the quarter ended June, September, December and March of a financial year. Such units would have to file the quarterly return by 20th of the subsequent month of the quarter to which the return relates.

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