Numaligarh refinery introduces 100% e-invoicing -Governance Now

Numaligarh refinery introduces 100% e-invoicing

The oil PSU said its digital move would help save paper and put an end to non-essential printing

GN Bureau | November 17, 2016

#Numaligarh Refinery Limited #PSU #Bharat Petroleum Corporation Limited

Numaligarh Refinery Limited (NRL), based in Assam, has become the first public sector oil company in the country which has completely replaced hard copy of invoices with digitally signed ones.

A subsidiary of Bharat Petroleum Corporation Limited, it said that the move of replacing manually signed hard copy invoices issued on pre-printed stationery in multiple copies would help save paper and put an end to non-essential printing, reported Business Standard.

“Keeping NRL’s sales volumes to the tune of Rs 11,000 crore annually in mind, electronic invoicing and digitally signing and storing will ultimately reduce printing of approximately 695,000 pages annually which is equivalent to 4.3 tonnes of paper. It would result in saving of approximately 103 trees per year,” a company press release stated.

NRL customers will now be able to access and download required information from the electronically stored database which would also be available to central excise and tax department, the newspaper reported.

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