Section 17: Records

17. Records.—(1) Every person registered for the purposes of this Act shall maintain and keep for a period of 2[six] years 3[or till such further period the final decision in any proceedings including proceedings for assessment, appeal, revision, reference, petition and any, proceedings before an Alternative Dispute Resolution Committee is finalized] at his business premises or registered office in English or Urdu language the following records of excisable goods purchased, manufactured and cleared (including those cleared without payment of excise duty) by him or by his agent acting on his behalf in such form and manner as would permit ready ascertainment of his liability of duty, namely:— (a) records of clearances and sales made indicating the description, quantity and value of goods, name and address of the person to whom sales were made and the amount of the duty charged; (b) records of goods purchased showing the description, quantity and value of goods, name, address and registration number of the supplier and the amount of the duty, if any, on purchases; (c) records of goods cleared and sold without payment of duty; (d) records of invoices, bills, accounts, agreements, contracts, orders and other allied business matters; 1[(da) record relating to gate passes, inward or outward, and transport receipts;] (e) records of production, stocks and inventory; (f) records of imports and exports; and (g) such other records as may be specified by the Board. (2) For any person or class of persons registered under this Act, or for any goods or class of goods the Board may specify or prescribe,— (a) to keep any other records for the purposes of this Act; (b) to use such electronic fiscal cash registers as may be approved by the Board; and (c) the procedure or software for electronic maintenance of records and filing of statements, documents or information by any person or class of persons. (3) Provisions of sub-sections (1) and (2) shall apply mutatis mutandis on services provided or rendered by a person registered under this Act.

Effective date: 2005-07-01

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