Section 10B
To Maintain Accounts
(1) A person who has obligation to file the excise duty returns pursuant to Section 10A shall maintain updated accounts with the prescribed details of the production and sale of excisable goods or services, purchase, consumption of raw materials, auxiliary raw materials etc. required for production of such goods or services, and final stock reflecting the price and quantity and shall provide such details as and when the Excise Duty Officer so demands.
(2) The books of purchase, production, removal, sale and stock as per Sub-section (1) shall be used for the purpose of maintaining accounts upon certifying by the concerned Excise Duty Officer.
(3) The licensee has to retain the accounts of transaction safely for six years.
(4) For the implementation of this Act, the Excise Duty Officer may, by giving a notice in writing, seek information as to the transaction of excisable goods or services.
(2) The books of purchase, production, removal, sale and stock as per Sub-section (1) shall be used for the purpose of maintaining accounts upon certifying by the concerned Excise Duty Officer.
(3) The licensee has to retain the accounts of transaction safely for six years.
(4) For the implementation of this Act, the Excise Duty Officer may, by giving a notice in writing, seek information as to the transaction of excisable goods or services.