Rule 10 : Daily Stock Account :

1. Every tax payer has to maintain records of stock on daily basis, known as RG-1 Register.
2. Contents: i) Description of the goods produced or manufactured; ii) Opening balance; iii) Quantity produced or manufactured; iv) Inventory of goods; v) Quantity removed; vi) Assessable value ; vii) Amount of duty payable; viii) Particulars regarding amount of duty actually paid.
3. Place and Period: To be kept in the factory and for a period of 5 years immediately after the financial year to which it pertains.
4. Authentication: The first page and the last page of each such account books shall be duly authenticated by the producer or the manufacturer or his authorized agent.
5. E-Records and digital authentication : The records under this rule may be preserved in electronic form and e very page of the record so preserved shall be authenticated by means of a digital signature.