Amendment status not verified — confirm the current text below against the official source.
Accounts of transactions.— (1) Every licensed vendor shall keep true account of the daily transactions stating: (a) Quantity and strength of liquor purchased or taken into the premises for sale; (b) Quantity and strength of liquor sold or delivered or removed; (c) Balance at the end of each month. (2) After 7 days after close of each month, every licensee shall submit to the Commissioner of Excise a monthly return showing the quantity of dutiable goods received, the quantity remained on payment of duty and such other relevant particulars as above.75 (3) Non-compliance of records and submission of accounts of transaction will amount to an offence under the Act which may attract suspension of licence in extreme cases.76 101-A- How registers and stock accounts to be maintained.— (1) Where any person is required by these rules to maintain any register or stock account in respect of goods manufactured or stored by him, he shall— (i) at the time of making any entry, insert the date when the entry is made.77 (ii) correctly keep such account or register in the manner required and shall not cancel, obliterate or alter any entry therein, except for correction of any errors, with the sanction and in the presence of the proper officer or the officer-in- charge, as the case may be, and shall not make any entry thereof which is untrue in any particulars; (iii) keep the account of Register at all times ready for inspection of the Excise Officer and shall permit any such officer to inspect it and make any such minute therein or any extract therefrom, as the officer thinks fit, and shall, at any time, if demanded, send that minute or extract to that Officer. (2) Any person who fails to enter the required particulars within the time specified in the relevant rules, or who fails to keep such account or register, as the case may be, or to deliver it upto Excise Officer on demand or who obstructs or hinders such officers in making any minute therein or extract therefrom or conveys away or conceals it, or destroys or tears out any leaf therefrom, or makes any false entry therein or fraudulently alters any entry therein shall be liable to a penalty which may extend to two thousand rupees and all the goods of which due entry has not been made in such account or register shall be liable to confiscation. 75 Inserted vide Notification No. 1/1/97-Fin.(R&C)(B) dated 2-4-1997. 76 Inserted vide Notification No. 1/1/97-Fin.(R&C)(B) dated 2-4-1997. 77 New rule-added by Notification No. 1/1/97-Fin.(R&C)(B) dated 2-4-1997. Manual of Goa Laws (Vol. II) – 228 – Excise Duty Act and Rules