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)
Notification No. 30/2016 – Central Excise (N.T.)
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