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Excise- amendments for importers

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Sumit Grover

Chartered Accountant

3652 Points Joined September 2008

Vide notifications 08/2014 to 11/2014- C.E.(NT), all dated 28th Feb’14, CBEC has brought some changes in the procedural requirements for importers under excise laws, glimpse is produced herein below:

• Importer is required to get registered under excise if it issues a CENVAT invoice;
• Quarterly returns need to be filed by such importers electronically;
• The changes shall be applicable w.e.f. 1st April’14.

An attempt is made to highlight some issues pertaining to the aforesaid notifications, & the same has been enclosed herewith for ready reference.

Attached File : 91650 1292465 analysis.pdf downloaded: 190 times

Replies (1)

Dr A SUBRAHMANYAM

CEO

95 Points Joined April 2012

There is absolutely no change and it is an addition to the procedure hitherto followed. The table attached hereto gives a clear picture for all.

Unfortunately, FAM (Federation of Association of Maharashtra) moved the matter with Mumbai-II Chief Commissioner, who in turn interpreted that all importers who were "dealers" shall get their Registrations amended. Nowhere the Notifications say so, nor the importers cannot be dealers or dealers cannot be importes. This is how interpretations lead to "time-pass" and all clients are now panicked.