We registred our firm as an Excise Dealer in Dec 2010 having Registration number ending with ED002.
In Jan 2011, we imported some goods and the said goods are still lying in our warehouse. We have not sold a single piece till 31.03.2011.
Q1) For the quarter Jan-Mar 2011, do we submit a "Nil" Return ?
Q2) In the Dealer Form we note that under the head "Documents based on which the credit is passed" we need to mention, "BL No, Date, Issued By, Registration No, Name & Address". As we are selves are the importer, who's details in the field "Issued By" and "Registration No." do we mention in the next quarter return that is to be submited (after me make a sale).
PS: We shall be passing on Excise Duty on Sale and the return does not allow us to mention our own Registration Number when we try to do so.
CAclubindia
