Gate pass system gave way to the invoice-based system (1994):

In 1994, the, gate pass system gave way to the invoice-based system and all clearances started getting effected on manufacturer‘s own invoice. Under Gate Pass System, manufacturers were required to issue gate pass counter-signed by Central Excise Officer at the time of clearance of excisable goods. However, under Invoice-based System, assessee is required to prepare invoice while clearing goods form factory and himself assess the duty payable. This duty is indicated on the invoice.