Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Excise Registration

Nandakumar (Marketing Executive) (43 Points)

17 December 2010

Dears

We are a Trader and Exporter having IEC. We are availing the DEPB benefits and other scriptttts like VKGUY, FMS etc. against our export of RAW COTTON. We are not registered with Central Excise because the product is non excisable.

Further, we are importing Sodium percarbonate (2836.99.10) by using the benefit scriptttts against the import duties and selling the same in local market by the VAT / CST invoices.

My question is whether we require excise registration for the sale India & do we have to follow any CENVAT rules? Any excise duties are applicable ?

Reply
Follow
Share

2 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 21 March 2011

if your buyer ask for cenvatable invoice then u have to register yourself as "importing dealer" and can pass on the CVD portion to them,

unless buyer ask for the same, u can carry your business peacefully as it is going on.

Upgrade to CAclubindia Pro. Subscribe Now!

C.V.R.SARMA (SERVICE) (90 Points)
Replied 27 March 2011

For normal trading, no excise registration is required. However, if you want to pass on the cenvat credit of CVD paid on the imported material, then you have to necessarily obtain the Registration as a Dealer.