Summer training on cst

SURAJMAL LAXMI DEVI SAWARTHIA
EDUCATIONAL TURST’S GROUP OF INSTITUTIONS
AN ISO 9001:2008 CERTIFIED INSTITUTION
AN INTERFRATED INSTITUTE FOR TECHNOLOGY AND MANAGEMENT
A
SUMMER TRAINING PROJECT REPORT
ON
LEGAL COMPLIANCE OF CST IN REFERENCE OF
CENTURY PULP & PAPER LTD
Submitted in Partial Fulfillment of The Requirement of The Award of Degree in
Master of Business Administration
(Session :2013-2015)
Co-Guidance of:- Submitted By:-
MISS SONAM GARG JASVEER SINGH
website: www.selset.ac.in
SIROLLY, KICHHA, DISTT. (U.S.N) UTTARAKHAND-263148

S.L.S.E.T.G.I KICHHA | A SUMMER TRAINING REPORT ON CST 1

CERTIFICATE
This is to certify that Mr. JASVEER SINGH, M.B.A student of S.L.S.E.T KICHHA DISTT.
(U.S.N) UK. bearing roll no 130600500013 has successfully undergone his summer training
programme in Century Pulp And Paper Ltd. and completed a project on “Legal compliance of
Central Sales Tax in reference of Century Pulp and Paper Ltd.” under the guidance of Mr. Vikrant
Mangla (Manager) , Assistant Manager, Sales tax Department and Vinod Sharma (F.O.H), Mr.
Kailash Gupta (D.G.M) in Finance Department, Century Pulp And Paper Ltd.
Mr. VIKRANT MANGALA
Manager- HRD
Century Pulp And Paper Ltd
Lalkua Distt, Nanital , UK

PREFACE
The entire assigned project is about the Central Sales Tax in which I worked on various forms
which are used in the company for the sales tax benefit. The whole project was based on the
assessment of the year 2010-2011to help the company in filing the sales return, to save the tax
which company pays. This sales return was done to save an amount of Rs. 5.83 Cr. This project
taken up by me is a part of academic assignment to find out the total amount of different Forms
which I was assigned to work on (FORM 11, FORM 16, FORM C, FORM F, FORM G, FORM
H, FORM I) to save company’s sales tax.
My entire project helped Mr. Vikrant Mangla (Assistant Manager, Sales Tax) to file a sales return
for the company. I worked there as a management trainee but gained a lot of experience in the
field of sales tax. My work to assess the amount of all the different Forms assigned to me, helped
the company in filing the sales return and to save an amount of Rs.5.83 Cr.

ACKNOWLEDMENT
I am in search of words to express my gratitude to Mr. Vikrant Mangla, Manager (Department –
Sales Tax), Century Pulp And Paper Limited, Lalkuan, District Nainital,Uttarakhand. Mr. Vinod
Sharma (F.O.H) and Mr. Kailash Gupta (D.G.M.) for assigning me such a project of great
magnitude, which may be of some value to Century in near future. As a part of my summer
training project in Century, I have got invaluable experience in the field with the guidance of Mr.
Kailash Gupta.
During the currency of the project, I have enjoyed the independence of doing the project study
which has been possible because of empowerment conferred by Mr.Vikrant Mangla on me. This
has been a wonderful experience to do the project under his guidance, who has helped me, guided
me and encouraged me to complete the project to their satisfaction.
I will fail in my duty if I don’t pay my regards to Mr Amit, Asst. HR Manager, who has appointed
me as a Summer Trainee for undertaking the project which will stand in good stead for me in my
future days to come.
I am extremely thankful to my internal supervisor of the project, Miss Sonam Garg (faculty of
finance department, S.L.S.E.T in kichha (U.S.N) UK.), to support and help me throughout the
project.
JASVEER SINGH

CO-GUIDANCE
INTARNAL
GUIDE
EXTARNAL
GUIDE
Miss. SONAM
GRAG
MR.VIKRANT
MANGALA
FACULTY OF
COLLEGE
DEP’T.
ASSIT. PROF.
MANAGER-HRD
Century Pulp And
Paper Ltd
Lalkua Distt,
Nanital , UK

OBJECTIVE OF THE PROJECT
MAIN OBJECTIVES:
 To assess the amount of the forms (Form H, Form I) for the year 2010-2011.
 To help the management in filing the sales return for the financial year 2010-2011.
METHODOLOGY OF THE PROJECT
The methodology adopted for drawing this project is based on the field work and the desk
research.
The field training that I have received from one of the sales tax office has provided me the basic
insight of sales and its taxation policy system including some hands-on exposure of the real
working of the finance department of a company. While undergoing the field training, it has been
noted how much efforts it take to first segregate the forms in their series then to put in the right
format. Each and every single form is precious for the company. Because these forms act as a
proof for the company to file sales return. If any of the form gets lost the company has to issue a
bond of Rs. 1 lac. for one form.
TOOLS USED FOR ANALYSIS FOR MEASURING THE AMOUNT
COVERED BY VARIOUS FORMS:
Graphical Representation of Analysis:
 Pie charts
 Bar Diagrams

DATA COLLECTION APPROACH:
Secondary data has been used to carry out the research successfully. The secondary data has been
collected from the system of the company itself.
METHOD OF COMMUNICATION:
In order to minimize the bias in data collection, the method of personal rectification by Mr.
Vikrant Mangla has been done successfully.
THE SOURCES OF THE DATA ARE AS FOLLOWS
The study relies to a great extent on secondary data:
SECONDARY DATA:
 Information is collected through system of the company.
 From various text books
 Journals and magazines

TABLE OF CONTENT
CONTENTS PAGE NO.
Executive Summary 09
Overview of Central sales tax 1956 10
The Central Sales Tax (Registration and Turnover)
Rules, 1957 32
Introduction to Century Textiles And
Industries Limited 44
Objective of Study 48
Methodology of the Study 48
Findings and analysis 51
Amount Covered By Form F 54
Amount Covered By Form H 55
Amount Covered By Form I 59
Findings& Suggestive Analysis of the Study 61
Conclusion 62
Bibliography 63

EXECUTIVE SUMMARY
This study report is attempted to make an assessment of the ‘sales’ and ‘sales return’ for the
Financial Year 2010-11. The overall Central Sales Tax has been considered important as the
subject project is assigned to make a complete assessment of the sales return of year 2010-11.
The methodology adopted for drawing this project is based on desk research. The basic objective
of my study is to check whether the various forms which come under the sales tax act showed the
correct scenario of the company’s sales tax benefit or not. To know this I worked on Form 11,
Form 16, Form C, Form F, Form G, Form H, and Form I. Auditing of all these forms had been
done by me and simultaneously I experienced the core working of a finance department of a
company.
Further it is explained about the various forms which I was assigned to work on assignment.

OVERVIEW
OF
CENTRAL SALES TAX
1956

OVERVIEW OF CENTRAL SALES TAX 1956
An Act to formulate principles for determining when a sale or purchase of goods takes place in
the course of inter-state trade of commerce or outside a State or in the course of imports into or
export from India, to provide for the levy, collection and distribution of taxes on sales of goods
in the course of inter-state trade of commerce and to declare certain goods to be of special
importance in inter-state or commerce and specify the restrictions and conditions to which
state laws imposing taxes on the sale or purchase of such goods of special importance shall be
subject .
DEFINITIONS
In this Act, unless the context otherwise requires
“Appropriate State” means
(i) In relation to a dealer who has one or more places of business situate in the same state, that
state;
(ii) In relation to a dealer who has places of business situate in different states, every such state
with respect to the place or places of business situate within its territory.
Explanation “business” includes-
(i) Any trade, commerce or manufacture, or any adventure or concern in the nature of trade,
Commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or
concern is carried on with a motive to make gain or profit and whether or not any gain or profit
accrues from such trade, commerce, manufacture, adventure or Concern; and
(ii) Any transaction in connection with, or incidental or ancillary to, such trade, commerce,
manufacture, adventure or concern;]
[ab] “Crossing the customs frontiers of India” means crossing the limits of the area of a
customs station in which imported goods or export goods are ordinarily kept before clearance
by customs authorities.
Explanation: For the purposes of this clause, “customs station” and “customs authorities”, shall
have the same meanings as in the Customs Act, 1962 (52 of 1962);]
[[b] “Dealer” means any person who, carries on (whether regularly or otherwise] the business
of buying, selling, supplying or distributing goods, directly or indirectly, for cash, or for
deferred payment, or for commission, remuneration or other valuable consideration, and
includes –

(i) A local authority, a body corporate, a company, any co-operative society or other society,
club, firm, Hindu undivided family or other association of persons which carries on such
business;
(ii) A factor, broker, commission agent, delredere agent, or any other mercantile agent, by
whatever name called, and whether of the same description as herein before mentioned or not,
who carries on the business of buying, selling, supplying or distributing goods belonging to
any principal whether disclosed or not; and
(iii) An auctioneer who carries on the business of selling or auctioning goods belonging to any
principal, whether disclosed or not and whether the offer of the intending purchaser is accepted
by him or by the principal or a nominee of the principal.
Explanation1 : Every person who acts as an agent, in any State, of a dealer residing outside that
State and buys, sells, supplies, or distributes, goods in the State or acts on behalf of such dealer
as –
(i) A mercantile agent as defined in the State of GoodsAct,1930 (3 of 1930) , or
(ii) An agent for handling of goods or documents of title relating to goods, or
(iii) An agent for the collection or the payment of the sale price of goods or as a guarantor for
such collection or payment, and every local branch or office in a State of a firm registered
outside that State or a company or other body corporate, the principal office or headquarters
whereof is outside that State, shall be deemed to be a dealer for the purposes of this Act.
Explanation 2 : A Government which, whether or not in the course of business, buys, sells,
supplies or distributes, goods directly or otherwise, for cash or for deferred payment or for
commission, remunerations or other valuable consideration, shall, except in relation to any
sale, supply or distribution of surplus, unserviceable or old stores or materials or waste
products or obsolete or discarded machinery or parts or accessories.
Thereof, be deemed to be a dealer for the purposes of this Act.]
(c) “Declared goods” means goods declared under Section 14 to be of special importance in
inter-state trade or commerce;
(d) “Goods” includes all materials, articles, commodities and all other kinds of movable
property, but does not include actionable claims, stocks, shares and securities;
[dd] “Place of business “ includes –
(i) In any case where a dealer carries on business through an agent by [whatever name
called], the place of business of such agent;

(ii) A warehouse, godown or other place where a dealer stores his goods ‘ and
(iii) A place where a dealer keeps his books of account;]
(e) “Prescribed” means prescribed by rules made under this Act;
(f) “Registered dealer” means a dealer who is registered under Section
(g) “Sale”, with its grammatical variations and cognates expressions, means any transfer of
property in goods by one person to another for cash or deferred payment or for any other
valuable consideration, and includes,
(i) A transfer, otherwise than in pursuance of a contract, of property in any goods for cash,
deferred payment or other valuable consideration;
(ii) A transfer of property in goods (whether as goods or in some other form) involved in the
execution of a works contract;
(iii) A delivery of goods on hire-purchase or any system of payment by instalments;
(iv) A transfer of the right to use any goods for any purpose (whether or not for a specified
period) for cash, deferred payment or other valuable consideration;
(v) A supply of goods by any unincorporated association or body of persons to a member
thereof for cash deferred payment or other valuable consideration
(vi) A supply, by way of or as part of any service or in any other manner whatsoever, of
goods, being food or any other article for human consumption or any drink (whether or not
intoxicating),where such supply or service, is for cash, deferred payment or other valuable
consideration, but does not include a mortgage or hypothecation of or a charge or pledge on
goods.
(h) “Sale price” means the amount payable to a dealer as consideration for the Sale of any
goods, less any sum allowed as cash discount according to the practice normally prevailing in
the trade, but inclusive of any sum charged for anything done by the dealer in respect of the
goods at the time of or before the delivery there of other than the cost of freight or delivery or
the cost of installation in cases where such cost is separately charged;
(I) .“Sales tax law” means any law for the time being in force in any State or part thereof which
provides for the levy of taxes on the sale or purchase of goods generally or on any specified
goods expressly mentioned in that behalf, and “general sales tax law” means the
law for the time being in force in any State or part thereof which provides for the levy of tax on
the sale or purchase of goods generally;

(j) “Turnover” used in relation to any dealer liable to tax under this Act means the aggregate of
the sale prices received and receivable by him in respect of sales of any goods in the course of
inter-State trade or commerce made during any prescribed period [and determined in
accordance with the provisions of the Act and rules made there under]].
(k) “Year”, in relation to a dealer, means the year applicable in relation to him under the
general sales tax law of the appropriate State, and where there is no such year applicable, the
financial year.
CHAPER II
FORMULATION OF PRINCIPLES FOR DETERMINING WHEN SALE
OR PUCHASE OF GOODS TAKES PLACE IN THE COURSE OF
INTER-STATE TRADE OR COMMERCE OR OUTSIDE ASTATE OR IN
THE COURSE OF IMPORT OR EXPORT
3. When is a sale or purchase of goods said to take place in the course of inter- State trade or
commerce
A Sale or purchase of goods shall be deemed to take place in the course of inter-state trade of
commerce if the sale or purchase-
(a) Occasions the movement of goods from one State to another or
(b) Is effected by a transfer of documents of title to the goods during their movement from one
State to another.
Explanation 1 :Where goods are delivered to a carrier or other bailey for transmission, the
movement of the goods shall, for the purposes of clause .
(b), be deemed to commence at the time of such delivery and terminate at the time when
delivery is taken from such carrier or bailey.
Explanation 2: Where the movement of goods commences and terminates in the same State it
shall not be deemed to be a movement of goods from one State to another by reason merely of
the fact that in the course of such movement the goods pass through the territory of any other
State.
4. When is a sale or purchase of goods said to take place outside a
State

(1) Subject to the provisions contained in section 3, when a sale or purchase of goods is
determined in accordance with sub-section (2) to take place inside a state such sale or purchase
shall be deemed to have taken place outside all other states.
(2) A sale or purchase of goods shall be deemed to take place inside a state if the goods are
within the State …
(a) In the case of specific or ascertained goods at the time the contract of sale is need and
(b) In the case of unascertained or future goods at the time of where appropriation to the
contract of sale by the seller or by the buyer whether assent of the other party is prior or
subsequent to such appropriation.
Explanation : Where there is a single contract of sale or purchase of goods situated at more
places than one, the provisions of this subsection shall apply as if there were separate contracts
in respect of the goods at each of such places.
5. When is a sale or purchase of goods said to take place in the course of import or export.
(1) A sale or purchase of goods shall be deemed to take place in the course of the export of the
goods out of the territory of India only if the sale or purchase either occasions such export or is
effected by a transfer of documents of title to the goods after the goods have crossed the
customs frontiers of India.
(2) A sale or purchase of good shall be deemed to take place in the course of the import of the
goods into the territory of India only if the sale or purchase either occasions such import or is
effected by a transfer of documents of title to the goods before the goods have crossed the
customs frontiers of India.
(3) Not withstanding anything contained in sub-section (1), the last sale or purchase of any
goods preceding the sale or purchase occasioning the export of those goods out of the territory
of India shall also be deemed to be in the course of such export, if such last sale or purchase
took place after, and was for the purpose of complying with, the agreement or order for or in
relation to such export.
CHAPTER IIIINTER-STATE SALES TAX
6. Liability to tax on inter-State sales
(1) Subject to other provisions contained in this Act, every dealer shall, with effect from such
as the Central government may, by notification in the Official Gazette, appoint, not being
earlier than thirty days from the date of such notification, be liable to pay tax under this act on
all sales of goods other than electrical energy] effected by him in the course of inter-state trade
or commerce during any year on and from the date so notified

Provided that a dealer shall not be liable to pay tax under this Act on any sale of goods which,
in accordance with the provisions of sub-section 3 of section 5 is a sale in the course of export
of those goods out of the territory of India.
[1 A] A dealer shall be liable to pay tax under this Act on a sale of any goods effected by him
in the course of inter-state trade or commerce not withstanding that no tax would have been
liveable (whether on the seller or the purchaser) under the sales tax law of the appropriate State
if that sale had taken place inside the State.]
[2] Not withstanding anything contained in sub-section(1)or sub-section (1A), where a sale of
any goods in the course of inter-State trade or commerce has either occasioned the movement
of such goods from one State to another or has been effected by a transfer of documents of title
to such goods during their movement from one State to another, any
subsequent sale during such movement effected by a transfer of documents of title to such
goods-
(A) To the Government, or
(B) To a registered dealer other than the government , if the goods are of the description
referred to in sub-section (3) of Section 8, shall be exempt from tax under this Act;
Provided that no such subsequent sale shall be exempt from tax under the sub-section unless
the dealer effecting the sale furnishes to the prescribed authority in the prescribed manner and
within the prescribed time or within such further time as that authority may, for sufficient
cause, permit,-
(a) A certificate duly filled and signed by the registered dealer from whom the goods were
purchased containing the prescribed particulars in a prescribed form obtained from the
prescribed authority; and
(b) If the subsequent sale is made
(i) To a registered dealer, a declaration referred to in clause (a) of subsection(4)of section 8, or
(ii) To the Government, not being a registered dealer, a certificate referred toin clause (b) of
sub-section(4) of Section8 ;
Provided Further that it shall not be necessary to furnish the declaration or the certificate
referred to in clause (b) of the preceding proviso in respect of a subsequent sale of goods ,if, -
(a) The sale or purchase of such goods is, under the sales tax law of the appropriate State,
exempt from tax generally or is subject to tax generally at a rate which is lower than four
percent. (Whether called a tax or fee or by any other name);and

(b) The dealer effecting such subsequent sale proves to the satisfaction of the authority referred
to in the preceding proviso that such sale is of the nature referred to in clause (a)or clause (b) of
this sub-section.
(3) Not withstanding anything contained in this Act, if –
Any official or personnel of -
(i) Any foreign diplomatic mission or consulate in India ; or
(ii) The United nations or any other similar international body, entitled to privileges under any
convention to which India is a party or under any law for the time being in force ; or
(b) Any consular or diplomatic agent of any mission, the United Nations or other body referred
to in sub –clause (i) or sub clause(ii) of clause (a).
Purchases any goods for himself or for the purposes of such mission, United nations or other
body, then, the Central Government may, be notification in the Official Gazette, exempt,
subject to such conditions as may be specified in the notification, the tax payable on the sale of
such goods under this Act.]
6A. Burden of proof, etc., in case of transfer of goods claimed otherwise than by way of sale
(1) Where any dealer claims that he is not liable to pay tax under this Act, in respect of any
goods, on the ground that the movement of such goods from one State to another was
occasioned by reason of transfer of such goods by him to any other place of his business or to
his agent or principal, as the case may be, and not by reason of sale, the burden of proving that
the movement of those goods was so occasioned shall be on that dealer and for this purpose he
may furnish to the assessing authority, within the prescribed time or within such further time
as that authority may, for sufficient cause, permit, a declaration, duly filled and signed by the
principal officer of the other place of business, or his agent or principal, as the case may be,
containing the prescribed particulars in the prescribed form obtained from.
The prescribed authority, along with the evidence of despatch of such goods and if the dealer
fails to furnish such declaration, then, the movement of such goods shall be deemed for all
purposes of this Act to have been occasioned as a result of sale.]
(2) If the assessing authority is satisfied after making such inquiry as he may deem necessary
that the particulars contained in the declaration furnished by a dealer under sub-section(1) are
true, he may, at the time of, or at any time before, the assessment of the tax payable by the
dealer under this Act, make an order to that effect and thereupon the movement of goods to
which the declaration relates shall be deemed for the purpose of this Act to have been
occasioned otherwise than as a result of sale.

Explanation: In this section “assessing authority”, in relation to a dealer, means the authority
for the time being competent to assess the tax payable by the dealer under this Act.]
7. REGISTRATION OF DEALERS
(1) Every dealer liable to pay tax under this Act shall, with in such time as may be prescribed
for the purpose, make an application for registration under this Act to such authority in the
appropriate State as the Central Government may, by general or special order, specify, and
every such application shall contain such particulars as may be prescribed.
(2) Any dealer liable to pay tax under the sales tax law of the appropriate State, or where there
is no such law in force in the appropriate State or any part thereof, any dealer having a place of
business in that State or part, as the case may be, may, notwithstanding that he is not liable to
pay tax under this Act, apply for registration under this Act to the authority referred to in sub-section(
1), and every such application shall contain such particulars as may be prescribed.
Explanation:- For the purposes of this sub-section, a dealer shall be deemed to be liable to pay
tax under the sales tax law of the appropriate State notwithstanding that under such law a sale
or purchase made by him is exempt from tax or refund or rebate of tax is admissible in respect
thereof.
[2A] Where it appears necessary to the authority to whom an application is made under sub-section
(1) or sub-section(2) so to do for the proper realization of the tax payable under this Act
or for the proper custody and use of the forms referred to in clause (a) of the first proviso to
sub-section(2) of Section 6or sub-section (1) of Section 6A or clause (a) of subsection(4)of
Section 8, he may, by an order in writing and for reasons to be recorded therein, impose as a
condition for the issue of the Certificate of Registration a requirement that the dealer shall
furnish in the prescribed manner and within such time as may be specified in the order such
security as may be so specified, for all or any of the aforesaid purposes; .
(3) if the authority to whom an application under sub-section (1)or sub-section(2) is made is
satisfied that the application is inconformity with the provisions of this Act and the rules made
there under and the condition, if any, imposed under subsection(2A), has been complied with,
he shall register the applicant and grant to him a Certificate of registration in the prescribed
form which shall specify the class or classes of goods for the purposes of sub-section(1) of
section 8.
[[3A] Where it appears necessary to the authority granting a Certificate of registration under
this section so to do for the proper realization of tax payable under this Act or for the proper
custody and use of the forms referred to in sub-section(2A), he may, at any time while such
certificate is in force, by an order in writing and for reasons to be recorded there in, require the
dealer, to whom the certificate has been granted, to furnish within such time as may be
specified in the order and in the prescribed manner such security, or, if the dealer has already

furnished any security in pursuance of an order under this sub-section (2A) , such additional
security, as may be specified in the order, for all or any of the aforesaid purposes].
[3 B] No dealer shall be required to furnish any security under Sub-section(2A) or any security
or additional security under sub-section(3A) unless he has been given an opportunity of being
heard.]
[3BB] The amount of security which a dealer may be required to furnish under sub-section
(2A) or sub-section (3A)or the aggregate of the amount of such security and the amount of
additional security which he may be required to furnish under sub-section (3A), by the
authority referred to there in, shall not exceed-
In the case of a dealer other than a dealer who has made an application, or who has been
registered in pursuance of an application, under sub-section(2), a sum equal to the tax payable
under this Act, in accordance with the estimate of such authority, on the turnover of such
dealer for the year in which such security or, as the case may be, additional security is required
to be furnished; and
(b) In the case of a dealer who has made an application, or who has been registered in
pursuance of an application, under sub-section(2), a sum equal to the tax liveable under this
Act, in accordance with the estimate of such authority on the sales to such dealer in the course
of inter-State trade of commerce in the year in which such security or, as the case maybe
additional security is required to be furnished, had such dealer been not registered under this
Act.]
[3C] Where the security furnished by a dealer under sub-section (2A) or sub-section (3A) is in
the form of a surety bond and the surety becomes insolvent or dies, the dealer shall, within
thirty days of the occurrence of any of the aforesaid events, inform the authority granting the
certificate of registration and shall within ninety days of such occurrence furnish a fresh surety
bond or furnish in the prescribed manner other security for the amount of the bond.
[3 D]The authority granting the certificate of registration may by order and for good and
sufficient cause forfeit the whole or any part of the security furnished by a dealer,-
(a) for realizing any amount of tax or penalty payable by the dealer;
(b) if the dealer is found to have misused any of the form referred to in sub-section (2A) or to
have failed to keep them in proper custody. PROVIDED that no order shall be passed under
this sub-section without giving the dealer an opportunity of being heard.
[3E]Where by reason of an order under sub-section [3D], the security furnished by any dealer
is rendered insufficient, he shall make up the deficiency in such manner and within such time
as may be prescribed.

[3F] The authority issuing the forms referred to in sub-section(2A)may refuse to issue such
forms to a dealer who has failed to comply with an order under that sub-section or sub-section(
3A), or with the provisions of sub-section (3C) or sub-section(3E), until the dealer has
complied with such order or such provisions, as the case may be.
[3 G]The authority granting a Certificate of registration may, on application by the dealer to
whom it has been granted, order the refund of any amount or part thereof deposited by the
dealer by way of security under this section, if it is not required for the purposes of this Act.
[3H]Any person aggrieved by an order passed under sub-section [2A], sub-section [3A], sub-section
[3D] or sub-section [3G]may, within thirty days of the service of the order on him, but
after furnishing the security, prefer, in such form and manner as may be prescribed, an appeal
against such order to such authority (hereafter in this section referred to as the “appellate
authority”) as may be prescribed: Provided that the appellate authority may, for sufficient
cause, permit such person to present the appeal,-
(a) After the expiry of the said period of thirty days; or
(b) Without furnishing the whole or any part of such security
[3 I]The procedure to be followed in hearing any appeal under sub-section (3H), and the fees
payable in respect of such appeals shall be such as may be prescribed.
[3J]The order passed by the appellate authority in any appeal under sub-section(3H) shall be
final.]
[[4] A certificate of registration granted under this section may –
(a) Either on the application of the dealer to whom it has been granted or, where no such
application has been made, after due notice to the dealer, be amended by the authority granting
it if he is satisfied that by reason of the registered dealer having changed the name, place or
nature of his business or the class or classes of goods in which he carries on business or for any
other reason the certificate of registration granted to him requires to be amended ; or
(b) Be cancelled by the authority granting it where he is satisfied, after due notice to the dealer
to whom it has been granted, that the has ceased to carry on business or has ceased to exist or
has failed without sufficient cause, to comply with an order under subsection[3A] or with the
provisions of sub-section[3C]or sub-section[3E]or has failed to pay any tax or penalty payable
under this Act], or in the case of a dealer registered under sub-section(2) has ceased to be liable
to pay tax under the sales tax law of the appropriate State or for any other sufficient reason.
[5] A registered dealer may apply in the prescribed manner not later than six months before the
end of a year to the authority which granted his certificate of registration for the cancellation of
such registration, and the authority shall, unless the dealer is liable to pay tax under this Act,
cancel the registration accordingly, and where he does so, the cancellation shall take effect
from the end of the year.

8. Rates of tax on Sales in the course of inter-state trade or
(a) The amount arrived at by applying the following formula –
rate of tax X aggregate of sale prices
______________________________
100 + rate of tax
Provided that no deduction on the basis of the above formula shall be made if the amount by
way of tax collected by a registered dealer, in accordance with the provisions of this Act, has
been otherwise deducted from the aggregate of sales prices.
Explanation: where the turnover of a dealer is taxable is taxable at different rates, the aforesaid
formula shall be applied separately in respect of each part of a turnover liable to a different
rates of rates;
(b) The sale price of all goods returned to the dealer by the purchases of such goods-
(i) Within a period of three months from the date delivery of the goods, in the case of goods
returned before the 14 day of May, 1966.
(ii) Within a period of six months from the date of delivery of the goods, in the case of goods
returned on or after the 14 day of May,1966.
Provided that satisfactory evidence of such return of goods and of refund or adjustment in
accounts of the sale price thereof is produced before the authority competent to assess or as the
case may be, reassess the tax payable by the dealer under this Act; and
(c) Such other deducting as the Central Government may, having regard to the prevalent
market conditions, facility of trade and interests of consumers, prescribe.
(2) Save as otherwise provided in sub-section(1), in determining the turnover of a dealer for the
purposes of this Act, no deduction shall be made from the aggregate of the sale prices.

THE CENTRAL SALES TAX
(REGISTRATION
AND
TURNOVER)
RULES, 1957

THE CENTRAL SALES TAX (REGISTRATION AND TURNOVER)
RULES, 1957
1S.R.O. 644, Dated 28th February, 1957.–In exercise of the powers conferred by sub-section
(1) of Section 13 of the Central Sales-tax Act, 1956 (74 of 1956), the Central
Government here by makes the following rules, namely:
1 These rules may be called the Central Sales Tax (Registration and Turnover) Rules,
1957.
2. DEFINATION – In these rules, unless the context otherwise requires,–
(a) “Act” means the Central Sales Tax Act, 1956;23
(aa)“Authorized officer” means an officer authorized by the Central Government under
clause (b) of sub-section (4) of Section 8.
(aaa)“Company” means a company as defined in Section 3 of the Companies Act, 1956 (1
of 1956), and includes a foreign company within the meaning of Section 591 of that
Act.
(b) “Form” means a form appended to these rules;
“Notified authority” means the authority specified under 4 sub-section (1) of Section 7.
(cc) “Prescribed authority” means the authority empowered by the Central Government under
5 [sub-section (2) of Section 9], or the authority prescribed by a State Government under
clause (e) of sub-section (4) of section 13, as the case may be];
“Section” means a section of the Act; 6
.
(e) “Warehouse” means any enclosure, building or vessel in which a dealer keeps a stock of
goods for sale.
[1. Vide S.R.O 644, dated 28th February, 1957, published in the Gazette of India,
Extraordinary, 1957, Pt. II, Section 3. p. 1039.]
[2. Inserted by S.R.O.896, dated 23-9-1958 (w.e.f. 1.10.1958).]
[3. Inserted by G.S.R. 26(E), dated 1-2-1974.]
[4. Inserted by G.S.R. 896, dated 23-9-1958.]
[5. These words were substituted for the words “sub-section (3) of section 9” by G.S.R 56(E),
dated 9-2-1973]
[6. Rule 2(dd) was deleted by G.S.R. 56(E), dated 9-2-1973.]

3. Certificate of Registration
(1) An application for registration under section 7 shall be made by a dealer to the
notified authority in Form A and shall be.
(a) signed by the proprietor of the business, or, in the case of a firm, by one of its partners, or,
in the case of Hindu undivided family, by the karta or manager of the family, or, in the case
of a company 6A by a director, managing agent or principal officer there of, or, in the case
of a Government, by an officer duly authorized by that Government, or, in the case of any
other association of individuals, by the principal officer managing the business; and
(b) Verified in the manner provided in the said Form.
(2) Where a dealer has more than one place of business with in a State, he shall make a single
application in respect of all such places, name in such application one of such places as the
principal place of business for the purposes of these rules and submit such application to the
notified authority specified in respect of the principal place of business so named:
Provided that any place so named shall not in any case be different from the place, if any,
declared by him to be the principal place of business, by whatever name called, under the
general Sales Tax law of the State.[6A. The words “incorporated under the Companies
Act’1956” were omitted by G.S.R.26(E), Dt.1/2/1974].
4. (1) An application for registration under sub-section (1) of Section 7 shall be made not
later than thirty days from the date on which the dealer becomes liable to pay tax under the Act
(2) An application for registration under sub-section (2) of Section 7 may be made at any
time after the commencement of the Act 7(3) A fee of 8[rupees twenty-five] shall be payable
in respect of every application for registration under sub-rule (1) or sub-rule (2);and such fee
may be paid in the form of court-fee stamps affixed to such application. [7 &7A.Ins.by
S.R.O.896, dated 237A September, 1958 (w.e.f 1.10.1958). By Notification G.S.R.No.401,
Dt.9.3.1967, in the application of these rules to Union Territory of Goa, Daman and Diu
and the words “local revenue stamps” were substituted “Court Fee Stamps”. Again by
Notification 1585, Dt.26.10.1964, w.e.f1.11.1964, theses words were substituted for “local
revenue stamps”. Similarly in its application to Pondichery, by notification G.S.R.No.956,
Dt.1.6.1963, “local revenue stamps” were substituted for “Court Fee Stamps”][8.Subs.by
G.S.R.395, dated 14th April, 1987 (w.e.f 14.4.1987)].
5.(1) When the notified authority is satisfied, after making such enquiry as it thinks necessary,
that the particulars contained in the application are correct and complete [and the fee referred
to in sub rule (3) of rule 4 has been paid], it shall register the dealer and grant him a certificate
of registration in Form B and also a copy of such certificate for every place of business within
the State other than the principal place of business mentioned there in.

(2) When the said authority is not satisfied that the particulars contained in the application
are correct and complete, or where the fee referred to in sub-rule (3) of rule 4 has not been
paid, he shall reject the application for reasons to be recorded in writing:
Provided that before the application is rejected the applicant shall be given an opportunity
of being heard in the matter and, as the case may be, of correcting and
completing the said particulars for complying with the requirements of sub-rule (3) of rule
4.][9.Ins.by S.R.O.896, dated 23rd September, 1958 (w.e.f 1.10.1958)][10. Ins.by S.R.O.896,
dated 23rd September, 1958 (w.e.f 1.10.1958)].
6. The certificate of registration granted under sub-rule (1) of rule 5 shall be kept at the
principal place of business mentioned in such certificate and a copy of such certificate granted
under the said sub rule shall be kept at every place of business within the State other than the
principal place of business, mentioned in such certificate.
7. (1) Where a dealer desires the certificate of registration granted to him under these rules
to be amended, he shall submit an application for this purpose to the notified authority setting
out the specific matters in respect of which he desires such amendment and the reasons there
for, together with the certificate of registration and the copies there of, if any, granted to him;
and such authority may, if satisfied with the reasons given, make such amendments, as it thinks
necessary in the certificate of registration and the copies there of, if any, granted to him.
(2) The provisions of rule 6 shall apply in relation to such amended certificate and copies
there of, as they apply in relation to the original certificate and copies there of.
8. (1) Where the certificate of registration granted to a dealer is lost destroyed, defaced or
mutilated, he may on application made in this be half to the notified authority and on payment
of a fee of a 12[rupees five] obtained a duplicate copy of such certificate.
(2) The fee payable under sub-rule (1) shall be paid in the form of 13 [court-fee
stamps].[11.Subs.by S.R.O.3613, dated 16th November, 1957][12.Subs.by G.S.R 395(E), dated
14thApril, 1987, for the words “two rupees”][13.Ins.by S.R.O.896, dated 23rdSeptember, 1957
(w.e.f 1.10.1958)]
9. Amendment or cancellation of certificate of registration.—
(1) A notified authority shall, before amending or cancelling, as the case may be, the certificate
of registration of a dealer under sub section (4) of Section 7 give him an opportunity of being
heard in the matter.
(2) If the certificate of registration is proposed to be amended, the dealer shall forth with
produce to the notified authority the certificate of registration and the copies there of, if
any, granted to him, for having them amended.

(3) If the certificate of registration is cancelled, the dealer shall forth with surrender to
the notified authority the certificate of registration and the copies there of, if any, granted to
him.][14.Ins.by S.R.O.896, dated 23rd September, 1958 (w.e.f 1.10.1958)]
10. If any dealer desires to apply under sub-section (5) of Section 7 for cancellation of his
registrations, he shall submit within the time specified in that sub-section to the notified
authority an application in that behalf together with the certificate of registration and
copies there of, if any, granted to him; and such application shall be dealt within accordance
with the provisions of that subsection.
11. Determination of Turnover
(1) The period of turnover in relation to any dealer liable to pay tax under this Act shall be the
same as the period in respect of which he is liable to submit returns under the general sales tax
law of the appropriate State:
Provided that in relation to a dealer who is not liable to sub mitre turns under the general sales
tax law of the appropriate State, the period of turnover shall be a quarter ending on 30th
June, 30th September, 31st December and 31st March, as the case may be, in a financial
year.14A15[14A. Rule 11 was renumbered as sub rule (1) of that rule and sub rule (2) was
inserted by G.S.R.3313, Dt.6.11.1957. Sub rule (2) was omitted by G.S.R.1362, Dt.9.6.1969.]
12. (1) The declaration and the certificate referred to in sub-section (4) of Section 8 shall be in
Forms C and D respectively; 16
Provided that Form C in force before the commencement of the Central Sales Tax Registration
and Turnover (Amendment) Rules,1974, or before the commencement of the Central
Sales Tax Registration and Turnover (Amendment) Rules, 1976, may also be used up to the
31st December, 17[31st December, 1979], with suitable modifications:]
Provided further that a single declaration may cover all transactions of sale which take
place in a quarter of a Financial Year between the same two dealers.]
20
[Provided also that where, in the case of any transaction of sale, the delivery of goods is
spread over to different quarters in a financial years, it shall be necessary to furnish a separate
declaration or certificate in respect of goods so delivered in each quarter of a financial
year]]
21
[(2) Where a blank or duly completed from of declaration is lost, whether such loss occurs
while it is in the custody of the purchasing dealer or in transit to the selling dealer, the
purchasing dealer shall furnish in respect of every such form so lost an in demnity bond

22
[in Form G] to the notified authority from whom the said form was obtained, for such sum as
the said authority may having regard to the circumstances of the case, fix. Such indemnity
bond shall be furnished by the selling dealer to the notified authority of his
State if aduly completed from of declaration received by him is lost, whether such loss occurs
while it is in his custody or while it is in transit to the notified authority of his State:
23
[Provided that where more than one form of declaration is lost, the purchasing dealer or the
selling dealer, as the case may be, may furnish one such indemnity bond to cover all the forms
of declarations so lost.]
24(3) Where a declaration form furnished by the dealer purchasing the goods or the
certificate furnished by the Government has been lost, the dealer selling the goods may
demand from the dealer who purchased the goods or, as the case may be from the
Government which purchased the goods, duplicate of such form or certificate and the same
shall be furnished with the following declaration recorded in red ink and signed by the
dealer or authorized officer of the Government, as the case may be, on all the three
portions of such form or certificate,—
CERTIFICATE
“I here by declare that this is the duplicate of the declaration form/ certificate No..............
signed on........................ and issued to........................who is a registered dealer
of................................State and whose registration certificate No. is........................
.........................”
25
[(4)] The certificate referred to in sub-section (2) of Section 6 shall be in Form E-I or Form E-II,
as the case may be.
26
[(5) The declaration referred to in sub-section (1) of Section 6A shall be in Form F]
27
[Provided that a single declaration may cover transfer of goods, by a dealer, to any other
place of his business or to his agent or principal, as the case may be, effected during a period of
one calendar month:
28
Provided further that if the space provided in Form F is not sufficient for making entries, the
particulars specified in Form F may be given in separate annexure attached to that form so long

as it is indicated in the form that the annexure form part there of and every such annexure is,
also signed by the person signing the declaration in Form F:
29
Provided also that form in force before the commencement of the Central Sales Tax
(Registration and Turnover) (Second Amendment) Rules, 1973, may continue to be used up
to 31st day.
30
[December, 1980] with suitable modifications.]
31
[(6) Form C referred to in sub-rule (1) or as the case may be, Form F referred to in sub-rule (5)
shall be the one obtained by the purchasing dealer or, as the case may be, the transferee in the
State in which the goods covered by such form are delivered.,
32
[Explanation.—Where, by reason of the purchasing dealer not being registered under Section
7 in the State in which the goods covered by Form C referred to in sub-rule (1) are
delivered, he is not able to obtain the said form in that State, Form ‘C’ may be the one
obtained by him in the State in which he is registered under the said section.]
33
[(7) The declaration in Form C or Form F or the certificate in Form E-I or Form E-II shall be
furnished to the prescribed authority with in three months after the end of the period to
which the declaration or the certificate relates :Provided that if the prescribed authority is
satisfied that the person concerned was prevented by sufficient cause from furnishing such
declaration or certificate with in the aforesaid time, that authority may allow such declaration
or certificate to be furnished within such further time as that authority may permit.]
34
[(8) (a) The person referred to in clause (a) sub-rule (1) of rule 3 shall alone be competent to
sign the declaration in Form C or Form For the certificate in Form E-I or Form E-II:
35
[Provided that where such person is a proprietor of any business or a partner of a firm
or karta or manager of a Hindu undivided family, any other person authorized by him in
writing may also sign such declaration or certificate:]
36
[Provided further that in the case of a company [such declaration or certificate] can also
be signed by any other officer of the company or under any other special or general
resolution of the company or under a resolution passed by the Board of Directors of the
Company to authenticate any document on behalf of such company].

38
(b) such person shall signify on such declaration or certificate his status and shall make a
verification in the manner provided in such declaration or certificate.
39
[(9) (a)] The provisions of 40[***] sub-rule (2) and sub-rule(3) shall with necessary
modifications, apply to the declaration in Form F or the certificate in Form E-I or Form E-II.]
37
41
[(b) The provisions of the second and third proviso to sub-rule(1) shall, with necessary
modifications, apply to certificate in Form E-I or Form E-II.]
42
[(10) Prescription of goods for certain purposes
43
(a) The declaration referred to in sub section (4) of section 5shall be in Form H and shall be
furnished to the prescribed authority up to the time of assessment by the first assessing
authority.
44
[****](b) The provisions of the rules framed by the respective State Governments under sub-section
(3), (4) and (5) of section 13 relating to the authority from whom and the conditions
subject to which any form of certificate in Form “H” may be obtained, the manner in which
such form shall be kept in custody and records relating thereto
maintained and the manner in which any such form may be used and any such certificate may
be furnished in so far they apply to declaration in Form C prescribed under these rules
shall mutatismut and is apply to certificate in Form H.]
45
[(11)The dealer, selling goods in the course of inter-State trade or commerce to a registered
dealer under sub-section (6) or under sub-section (8) of section 8 or under sub-section (1) of
section 5of the Central Sales Tax Act, 1956 read with section 76A of the Customs Act,
1962 (52 of 1962), shall furnish a declaration for the purposes of sub-section (8) of the
said section 8 in “Form I” duly counter signed and certified by the Authority specified by the
Central Government authorising the establishment of the unit in the Special Economic Zone
(notified under section 76A of the Customs Act, 1962(52 of 1962) that the sale of goods is for
the purpose of establishing a unit in such Zone

INTRODUCTION
TO
CENTURY TEXTILES
AND
INDUSTRIES LIMITED

INTRODUCTION TO CENTURY TEXTILES AND INDUSTRIES
LIMITED
The Indian economy in tandem with that of many countries of the globe entered a
lower in tandem with that of the Indian economy in tandem phase of growth
mirroring the world wide nancial turmoil and slow down witnessed in the recent
past, though mercifully, India escaped many of the worst scenarios. India’s return
to the former trajectory has been interrupted due, among other reasons, to the
sovereign debt crisis in the Euro Zone, political turmoil in the middle east , and a
policyre form deadlock at home. Further, the economy has had to battle with
nearly double digit in action for almost two years. Monetary and scal policies
were geared towards taming domestic in action which adversely impacted
investments and consumption growth. However, recently in action has moderated
somewhat and it is hoped that it will remain under reasonable control. Although
RBI has recently taken some steps to reduce the interest rates but the need to
further reduce the same would be felt by the industry. Further reduction could
make credit more readily available and cheaper. Agriculture continues to perform
well and the Indian manufacturing sector remains robust. The expectations of
growth of the Indian economy have to be more modest than in the years
immediately before 2008 but much depends on various extraneous factors, such
as the price of crude oil and the adequacy of monsoon. Fiscal prudence at home
and a supportive and stable business environment, aided by legislation as the
Goods and Services Tax Act would be of great help in boosting growth. Due to
difficult circumstances prevailing particularly in industries in which our
Company operates, in terms of reduced demand, higher costs of many major
inputs including cost of raw materials, fuel and transport and temporary
shutdown of the pulp and paper mill at Lalkua, the performance of our Company
has not been satisfactory. As the demand for cement and paper which are two
major contributors to the revenue of the Company is expected to remain due to
Governments continuous thrust on infrastructure and education, the performance
of our Company in the current year and the near term is expected to react this
inherent strength of the product portfolio. I would like to extend my gratitude to
all our stakeholders including shareholders, customers, lenders and our loyal,
hardworking and committed employees for their continued support and faith in
the Company.

ABOUTS US
COMPANY PTOFILS
Century Pulp and Paper (CPP) is a producer of excellent quality writing and printing paper, and a
leading manufacturer of tissue and board, as well as Rayon Grade Pulp (RGP) products. A
division of Century Textile and Industries Ltd (CTIL), Century Pulp and Paper has achieved
significant efficiencies in various disciplines, all within a short time.
Situated at the foothills of the Himalayas in Lalkua (Nainital), Century Pulp and Paper is a
committed employer of the local community. The company is proud to attain these international
standards as a leading producer of pulp and paper:
Certifications of CPP
ISO 9001,ISO 14001 CERTIFIED
OHSAS 18001 CERITIFED
FSC CERTIFIED
FDA APPROVED TISSUE & BOARD

OUR PEOPLE
At Century Pulp and Paper, we believe in promoting a people-oriented organisational culture for a
more efficient, motivated and committed workforce. Our business aligned HR practices are
designed to be employee friendly, while driving a culture of accountability and high performance.
We invest continually in building our HR systems, practices and policies, and focus on enhancing
functional and managerial capability.
As an organization, we value continuous learning and believe in encouraging creativity and
independent thinking to engage, educate and empower our people. At Century, we also strive to
ensure the highest standards of business ethics and business continuity with favorable employee
relations.
OUR VISION & POLICY
Century's vision for the future is committed towards the manufacturing of quality products that
meet international standards. This must be achieved by meeting cost objectives without sacrificing
the needs of different stakeholders such as customers and the environment.
VISION ELEMENTS
:
 Product Quality
 Safety and Environment

 Satisfaction of Customer and other Stakeholders
 Cost Effectiveness
 Energy Conservation
Century Pulp & Paper is committed to strengthening its position as a market leader. This is
accomplished by developing a company-wide culture that promotes:
 Customer delight
 Quality
 Environmental
 safety and information security initiatives
 Environmentally-friendly
 safe and energy-efficient operations
 Protection of information for all stakeholders
The company will continue to pursue:
Improvement in its products, processes and services
The protection of information assets and customer information from all threats through the
implementation of suitable information security management systems Compliance with relevant
legislations Communication and reinforcement of its policies throughout the company.

PRODUCT
Manufacturing Manufacturing Manufacturing Manufacturing Critical Quality
Process of Paper Process of
Board
Process of
Tissue
Process of
Rayon Grade
Pulp
Tests
Manufacturing Process of Rayon Grade Pulp
Writing & Printing Copier IndustrialPaper
Board Tissue Rayon

CRITICAL QUALITY TEST FOR VARIOUS GRADES OF PAPER
Critical quality tests for various grades of paper. All products at Century Pulp & Paper undergo
various stringent tests to maintain quality and consistency.
Our business aligned HR practices are designed to be employee friendly, while driving a culture
of accountability and high performance. We invest continually in building our HR systems,
practices and policies, and focus on enhancing functional and managerial capability.
Century Pulp and Paper (CPP) is a producer of excellent quality writing and printing paper, and a
leading manufacturer of tissue and board, as well as Rayon Grade Pulp (RGP) products. A
division of Century Textile and Industries Ltd (CTIL), Century Pulp and Paper has achieved
significant efficiencies in various disciplines, all within a short time.
Century's vision for the future is committed towards the manufacturing of quality products that
meet international standards. This must be achieved by meeting cost objectives without sacrificing
the needs of different stakeholders such as customers and the environment.

ABSORBENT KRAFT
COP (Castor Oil Penetration): This method is used to measure the absorbency rate of paper for
printing inks with an oil-based vehicle. It is used only for easily permeable papers such as
newspapers, books and mimeographs. However, this method can also be used for any paper where
the absorbency of an oil-based vehicle is important. A correlation has been established between
the results of this test and the printing quality of uncoated papers. The oil absorbency of paper is
related to its porosity and internal structure.
MICR
Sensitivity Test – In MICR paper we put various types of chemicals which react when these
solvents are put and turn the paper into some color. This property is to avoid forgery. The various
chemicals used are:
 Benzyne
 Cloroform
 Alcohol
 Sodium Matabisulphite
 Oxalylic acid
 Amonia
 Acetone
 Calcium Hypo etc.
For these papers to meet quality standards, the following requirements must be met: a. Water
mark should be clear b. Smoothness achieved c. UV light should not glow d. Other BIS norms
like GSM and tear factor must also be met.
OVERLAY TISSUE
For these papers to meet quality standards, the following requirements must be met:
 Wet Strength should be from 500-1000 g/cm
 Smoothness level should be from 100-150 ml/min
 Strength should be more than 5000 in breaking length
 Uniform Caliper
 Uniform GSM

ARSR
For these papers to meet quality standards, the following requirements should be met:
 Bulk should be more than 1.4
 GSM should be from 100-185
 Alkali Stain Number should be less than 3
 Passing of the Floro Glucinol test
 Passing of the Soap Jelly Test
 Addition of Anti-fungal chemicals during the stock preparation stage.
BASE PAPER FOR CROMO/ARTPAPER
 Surface strength
 Uniform caliper
 Cob value
WAX MATCH
 Uniform corrugation
 Uniform GSM, caliper
 High brightness
 Breaking length should be very high
SHUTTERING BASE
 Smoothness
 Opacity level of 95%
 Wet Strength

CARBONLESS PAPER
 Smoothness
 GSM should be from 45-50 for duplicate books of various colors.
CENTURY PARCHMENT
 Good Strength
 Clean Water Mark
 Smoothness
BIBLE PRINTING
 High opacity of 95%
 Good strength properties
 Scattering co-efficient
 ISO Brightness of at least 88%
OTHER GENERAL TESTS WHICH ARE CONDUCTED FOR VARIOUS
WPP ARE:
 GSM
 Caliper
 Brightness ISO
 Bulk
 Burst Factor
 Ash Content
 Breaking Length
 Smoothness
 Porosity
 COBB Value
 Opacity

WRITING & PRINTING
OVERVIEW
Century Pulp & Paper range of writing and printing paper is used to produce a wide range of
stationery such as notebooks and envelopes. Entry-level varieties such as cream wove; map litho
and coated paper are popular. Although the market share of higher-quality paper has been
increasing, the entry-level varieties still form the bulk of demand.
Printing paper is specially designed for printing books, note books, and publishing and printing
due to its uniform, fast ink-trapping and drying qualities, as well as its dimensional stability.
Demand for paper in this segment depends largely on these factors:
Population growth
Level of literacy
Public and private spending on education
Level of business activity
Growth in the printing industry.
CENTURY PRINT PAPER
END USE
 Publishing and Printing development
 Multi color jobs
 Textbooks
 Children Books
 Envelopes
 Magazines

COPIER
Copier Paper is typically a white commodity in writing paper grade. Copier Paper now marketed
as multi-purpose paper to be used in most common type of office machines including
photocopiers, computer printing paper and various other printer types.
Copier Paper is of good quality and uniform dimension paper, which is used for photocopying.
BOARD

INDUSTRIAL PAPER
OVERVIEW
Century manufacture different type of paper used in Industrial use: wide range of packaging,
cardboard, tissue, insulation and wrapping products. Demand for industrial paper is often affected
by these factors:
 Industrial production
 Growth in the packaging industry
 Development in technology
 Substitution by other materials
PAPER PROCESS

TISSUE
OVERVIEW
Set up in 2009, Century is the largest and most advanced manufacturer of Jumbo Soft Tissue
Paper Rolls in India. Spread over 60,000 sq
m, its plant houses the state-of-the-art
"Metso Machine with Crescent Former"
that produces world-class tissue paper. As
a result, quality standards are consistently
high and this contributes to the high
hygiene levels and overall cleanliness AH
& AfH.
Century's commitment to quality has been
recognized with international certifications
such as ISO 9001:2008, ISO 14001:2004
and OHSAS 18001:2007. In addition,
napkins under the Century Pulp & Paper
brand are FDA compliant.
Products: Facial Tissue, Towel Grade
Tissue, Napkin Tissue and Toilet Tissue
Capacity: 100 tones per day (TPD)
Tissue process

BIRLA CENTURYLAUNCHING SOON DIGITAL PRINT COLLECTION OF BED
SHEETS
Birla Century is set to launch during August 2012, entire bed and bath category range such as
bed sheets, towels, top of the bed products etc. This range will cater to both economy and
premium market segments. The premium product range consist of attractive packaging with the
products made out of supreme counts in 100% superior cottons, new age beers and the digital
print collection in multi colour prints and vibrant motifs. The made ups are crafted to meet up
the international stitching standards and the size.
In our pursuit to adapting latest technologies Century Denim has installed Oerlikon Schlafhorst
Open-end machine Autocoro 8, which is considered to be latest revolution in open-end
Spinning System. It is user friendly machine requiring very low maintenance and having very
high productivity. Its quick start ensures minimum production loss and Corolab QX clearing
system ensures fault free nalyarn.
It is capable of producing uptove lots at a time so lot change losses are minimized. Equipped
with Corobox 20, single motor driven rotors, magnetic axial and radial bearings, single motor
driven opening rolls, single motor driven & digitally controlled sliver intake, it is capable of
working at rotor speed of 20,000 rpm to 1,60,000 rpm for high production rate.
This is one of the rest machine installed in Century Denim equipped with fancy yarn spinning
system for creative designing and production of various varieties of fancy yarns for present
days fashion requirements with cost effectiveness.

PAPER
We are one of the largest paper producers in the country and with the commissioning of the
packaging board machine, we have become only paper company to offer writing and printing
grades, copier, speciality grades, tissue and packaging boards manufactured from varied mix of
the raw materials at a single location. This variability of raw material and a mix of the various
paper and board offers us to be an agile supplier of paper related solutions to the customers,
creating additional value for ourselves in the process.
During the coming year, we plan to launch products in various segments which are aimed to be
the market leaders in terms of quality and innovation. Century speciality tissue has now been
well established in the International market. We are known for our ability to provide customer
delight through a culture that encompasses creation of value and wealth through promotion of
quality, environmental and safety concerns. Excellence at Century continues to be all
pervasive. Our goal to reach the top in the world of paper and paper board industry will soon
become a reality.
Paper
Other features of Century Pulp & Paper production include:
Size press: Used for surface coating of paper with starch.
Stock department: The heart of the machine where various pulp preparation is done to produce
paper of different properties. Dyes are also added here in a process called internal sizing.
Pulp properties: Our pulp properties are changed from hydroscopic to hydrophobic.
Digesters: Century Pulp and Paper carries only vertical digesters instead of cylindrical ones
systems.

OBJECTIVE
OF
THE PROJECT

OBJECTIVE OF THE PROJECT
MAIN OBJECTIVES:
To assess the amount of the forms (Form 11, Form 16, Form C, Form F, Form G, Form H, Form
I) for the year 2010-2011.
To help the management in filing the sales return for the financial year 2010-2011.
METHODOLOGY OF THE PROJECT
The methodology adopted for drawing this project is based on the field work and the desk
research.
The field training that I have received from one of the sales tax office has provided me the basic
insight of sales and its taxation policy system including some hands-on exposure of the real
working of the finance department of a company. While undergoing the field training, it has been
noted how much efforts it take to first segregate the forms in their series then to put in the right
format. Each and every single form is precious for the company. Because these forms act as a
proof for the company to file sales return. If any of the form gets lost the company has to issue a
bond of Rs. 1 lac. for one form.
TOOLS USED FOR ANALYSIS FOR MEASURING THE AMOUNT COVERED BY
VARIOUS FORMS:
Graphical Representation of Analysis:
 Pie charts
 Bar Diagrams
DATA COLLECTION APPROACH:
Secondary data has been used to carry out the research successfully. The secondary data has been
collected from the system of the company itself.

METHOD OF COMMUNICATION:
In order to minimize the bias in data collection, the method of personal rectification by Mr.
Vikrant Mangla has been done successfully.
THE SOURCES OF THE DATA ARE AS FOLLOWS
The study relies to a great extent on secondary data:
SECONDARY DATA:
 Information is collected through system of the company.
 From various text books
 Journals and magazines

FINDINGS
AND
ANALYSIS

FINDINGS AND ANALYSIS
 INQUIRE NUMBER ONE.
GROSS SALES*
5133
5500 4833
5000 4216
4500 3851
4000 3506
3500
3000
2500
2000
1500
1000
500
0
2006-07 2007-08 2008-09 2009-10 2010-11
*GROSS SALES ARE NET OF REBATES AND RETURNS
As we can see that the amount of sales has increased in past years which also tells that the amount
of tax on sales will also get increased with the increase in the sales.

 INQUIRE NUMBER TWO
GROSS PROFIT
800 758
700
600 566
552
584
500 497
400
300
200
100
0
2006-07 2007-08 2008-09 2009-10 2010-11
As we can see that the amount of sales has increased in past years which also tells that the amount
of tax on sales will also get increased with the increase in the sales.

SUMMARISED FINANCIAL RESULTS :
(Rs. in crore)
2010-11 2009-10
Profit after interest, VRS payments , gratuity, ex-gratia/
compensation etc.
583.51 758.00
LESS:
Depreciation 239.66 234.47
Prior Period Adjustments (NET) - 0.19
Provision for taxation 93.76 222.61
Deferred Tax Debit/(cerdit) 12.60 346.02 (38.74) 418.53
NET PROFIT 237.49 339.47
ADD:
Balance brought forward 307.89 178.10
Avallable profit deait eith as under 545.38 517.57
Transfers & Appropriations:
Proposed Equity Dividend 51.18 51.18
Corporate Dividend Tax 8.30 8.50
General reserve 150.00 150.00
Balance carried forward 335.90 307.89
545.38 517.57
Expenditure on R & D (Rs. in crore)
Capital 2.68
Recurring (including contribution) 5.60
Total 8.28
Total R & D expanditure as a percentage of total turnover 0.16

ANNEXURE-011
OF
FORM -IV

ANNEXURE-011 OF FORM -IV
1. TIN OF THE DEALER 05001266166
2. NAME AND ADDRESS OF
THE DEALER
CENTURY PULP AND
PAPER (PROP: CENTURY
TEXTILES AND
INDUSTRIES LTD.)
GHANSHYAMDHAM P.O. –
LALKUA PIN CODE -262402
DISTT. NANITAL
UTTRAKAND
3. PERIOD LIST OF FORM-F
4. SUBMITTED 3208
CPP 193930817.00 194314360.00
KOLKATTA 1008917703.00 1009301246.00
THE TOTAL OF STOCK TER FOR MAY AMOUT SHOWN IN RETURN FOR MAY IN
MAY RETURN DIFFRENCE SHOWN IN ANNUAL RETUEN

TIN of the dealer 0 5 0 0 1 2 6 6 1 6 6
Name and adress Century Pulp And Paper
of the Dealer
(Prop : Century Textiles & Industries
Ltd.)
Ghanshyamdham
P.O. – Lalkua
PIN Code - 262
402
Distt. – Nanintal
Uttarakhand
Period From 01.04.2010 To 31.03.2011
List of Form-H Submitted
Series and Serial
No. Issuing State Name and Address TIN
Quarter
to Amount
of Form-H
submitted of the Purchasing
which
Form covered by
Dealer
is
related the Form-H
H-1-115687 West Bengal Krishna Traders 19370054258 First 602904.00
1205808.00
618390.00
1898993.00
H--1115690 West Bengal Krishna Traders 19370054258 First 642736.00
1256257.00

998189.00
H-1-136181 West Bengal Dona International 19881690261 First 503369.00
995239.00
H-1-137417 West Bengal Les Classiques 5001266166 First 518759.00
1042429.00
524512.00
3445379.00
9398354.00
543351.00
H-1-115138 West Bengal Dona International 19881690261 Second 570925.00
570925.00
1073410.00
1072864.00

1052851.00
H-1-142148 West Bengal Krishna Traders 19370054258 Second 642343.00
1284686.00
1279726.00
1936949.00
1507894.00
855631.00
865127.00
659812.00
H-1-143793 West Bengal Dona International 19881690261 Third 523008.00
1041255.00
H-1-144063 West Bengal Krishna Traders 19370054258 Third 629894.00
3344951.00

3115680.00
1259788.00
629894.00
H-1-138917 West Bengal Les Classiques 5001266166 Third 583767.00
583767.00
1165761.00
1390183.00
1090849.00
2348223.00
755389.00
1115682.00

NAME OF PARTY PLACE
FORM I
AMOUNT
PM4
SUNDARAM MULTIPAP LTD.(SEZ UNIT) KUTCH 3717973
11422340
REPRO INDIA LIMITED SURAT 3704286
7336381
3817069
34656145
BAGASSE
3812509
17865122
SUNDARAM MULTIPAP LTD.(SEZ UNIT) SURAT 2884713
3818582

6926854
WPP
SYNDICATE PRINTERS SURAT 2192898
TOTAL 91847900
A/C HEAD
AMOUNT
(Rs.)
PAPER SALE SEZ UNIT WPP 2190161
PAPER SALE SEZ UNIT BAGASSE 32193355
PAPER SALE SEZ UNIT PM-4 56936808
91320324

FINDINGS

FINDINGS
Research has been made on the topic “assessment of the sales and various forms which are used in
the benefit of sales tax in Century Pulp And Paper. Based on the analysis and the interpretation of
the data findings and suggestions are recorded which are as follows
Sales lower than budget by 9 cr.
Other income from renewable energy of rs. 2 cr. not realized.
Savings should be there in the travelling expenses. Mr. jasveer pointed that some of the people
travel by car from kichha to lalkua or vice versa just for a single sign instead of doing it by email
or post which is creating huge losses in the travelling expenses.
Century does not have limits to pay the mobile bills of the employees which is also contributing in
the losses held by the company and the finance department. Mam has said that she’ll circulate the
policies once again.
Marketing people also creating huge losses in the travelling expenses.

CONCLUSION
It can be concluded by saying that Century Pulp and Paper (Century textile and industries ltd) is
doing good in trade promotion activities with respect to its’ competitors and thus achieved to win
hearts of most of the whole sellers in India and also out of the Country.
Century Pulp and Paper has to focus on prompt payment of incentives as they promise before
enrollment of a membership progaramme in order to maintain and enjoy the loyalty status more
than its’ competitors. Also from this study, it can be suggested that Century Pulp and Paper has to
take opinion from the distributor sellers for these trade loyalty programmes as the field force has a
good considerable idea about the market rather than the Head Office who makes the list of
suppliers and purchasing parties.
And, it is very much limited time to clearly understand the retailer satisfaction with the sale of the
quality made paper by the company. Apart from this we need to focus on each retailers view
carefully in regular time intervals (periodically) so to the best possible is presented here. Still there
is a lot of scope for developing on this subject, as excellence is not limited always.
Thus in brief, we can conclude that managing and measuring Central sales tax can bring about
positive benefits to distributor, company and sales people as well as customers. Customer
satisfaction boosts more sales and loyal customer to distributor and in turn helps to produce more
satisfied ultimate customers to the company.

BIBLIOGRAPHY

BIBLIOGRAPHY
Chapter
Nos.
Title of
Chapter
Sources
2
Overview of
Central Sales
Tax
Uttarakhand VAT Act
www.centralsalestax.nic.in/
3 Introduction to
Century Pulp
And Paper
http://www.centurypulpandpaper.com
http://businesstoday.intoday.in/http://articles.economictimes.indiatimes.com
/2013-12-10/news/45035404_1_paper industry
8 Suggestive
Analysis of the
Study
1.Hindu Business Line –2012
2. Lalitha Sridhar, India Resource Center,August19,2013
3.Business World, July, 2012

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