Registration in Excise

This query is : Resolved

ASHOK MITTAL (Querist)
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27 February 2010
We are importers of Signage Printing material (PVC Cloth rolls used for preparing Sign Boards/Advertisement Boards) i.e. Raw material for preparing Signage Boards.

At present we are paying custom duty comprising Basic Duty, Counter Veiling Duty and Additional Duty and claiming refund of Additional Duty paid by us after making the sale of the complete imported stock against a particular Invoice.

We are basically Traders i.e. import the raw material and sell it to the Dealers/Printers after charging 5% VAT. There is no Value addition in the product from our end.

Please guide us if we get Excise registration, whether we will be in a position to issue Excisable Invoices and pass on CENVAT benefit to our Dealers/Printers

I would be grateful, if Rules and related links may please be informed.

Vipin Gupta

Vipin Gupta (Expert)
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27 February 2010 Dear Sir,

If you get a registration in Excise you will be able to transfer as per Rule 3 of cenvat Credit Rules 2004 the Additional duty leviable under the sec 3 of the custom tariff Act, equivalent to the duty of excise specified under clauses (i), (ii), (iii), (iv),(v) and additional duty leviable under sub section (5)of section 3 of the custom Tariff Act and as per rule 9 cenvat credit can be taken of the invoice issued by importer.