From: CA Saiprasad Bagrecha saiprasadbagrecha@gmail.com
The Central Board of Excise and Customs has notified new Form ER-1 and Form ER-3. Form ER-1 is the monthly return for production and removal of goods and other relevant particulars and CENVAT credit. Form ER-3 is the quarterly return for production and removal of goods and other relevant particulars and CENVAT credit, by an assessee eligible to avail of the exemption under a notification based on the value of clearances in a financial year.
The new forms would be effective from 1st October, 2011.
[Notification No. 16/2011- CE (NT) 18.07.2011]
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