Specifies that a person who is registered as a FSD shall not be required to take registration as an importer, and vice versa
The Central Government vide Notification No. 30/2016-Central Excise (N. T.), Dated: June 28, 2016 has provided that an assessee who is registered as a First Stage Dealer is exempt from taking registration as an importer and vice-versa. A single registration would suffice for both the activities at the option of assessee.
It has also been clarified that assessees opting for a single registration for both activities need to file a single quarterly return giving details of transactions as a first stage dealer and an importer, one after the other in the same table of the return.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, dated the 28th June, 2016
S.O. (E). – In pursuance of sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby specifies that‑
(i) a person who is registered as a first stage dealer shall not be required to take registration as an importer; or
(ii) a person who is registered as an importer shall not be required to take registration as a first stage
(Shankar Prasad Sarma)
Under Secretary to the Government of India