Discuss the validity of the following statements with reference to the Central Excise Rules, 2002, as amended: (iii) Submission of annual financial information statement in Form ER 4 is compulsory for all assessees.
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2015
Discuss the validity of the following statements with reference to the Central Excise Rules, 2002, as amended: (iii) Submission of annual financial information statement in Form ER 4 is compulsory for all assessees.
Answer & Explanation:
Invalid. As per rule 12 (2) (a) of Central Excise Rules, for each financial year, Annual Financial Information Statement in ER-4 should be filed by all the assesses who are paying duty of ₹1 crore or more per annum through (cash plus CENVAT credit).
Topics: Central Excise
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