Excise on imports

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 Hello
I would like to start my import business. I would be importing myself and then retailing myself too. No manufacturing of those imported goods or any other goods. Am I eligible to pay Excise Duty on importing goods? Will I have to register with Central Excise for simple importing and retailing of goods?

15 January 2015 Customs duty is payable on import of goods not excise duty.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 So we don't need to register our company with Excise?

16 January 2015 Yes no need to register under Excise.

16 January 2015 yes you can tfr to buyer by taking trading licence of excise.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2015 Transfer to buyer what?


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