01 April 2013
Dealer A sells to Dealer B goods under excise and passes on the relevant excise duty to Dealer B. Subsequently Dealer A closes down his business.
I have been informed that in this case, Dealer B is required to sell off the stock in 3 months from the date of closure of Dealer A if he wants to pass on the excise on materials purchased to the manufacturer further. This is because after 3 months while filing the E-return for excise, the excise number of Dealer A will not be recognised in the system.