IMPORTER SELLING GOODS

[Guest]

DEAR SIR,

IF ANY IMPORTER REGISTERED UNDER EXCISE AS A IMPORTER FOR IMPORTED GOODS AND DEALER FOR LOCAL GOODS , BUT IF THE IMPORTER IS NOT ISSUING EXCISE INVOICES FOR PASSING CENVA CREDIT THEN CAN HE MAKE CLEARANCE UNDER DEALER REGISTRATION FOR THE INVOICES IN WHICH CENVAT CREDIT IS NOT PASS ON, PLEASE EXPLAIN,PLEASE GIVE US ANY REFERENCE REGARDING THIS, THANKS and REGARDS.

AI Summary

Importer Must Register as First Stage Dealer Post-April 2014 Amendment; Maintain CVD and SAD Credit Accounts An importer registered for excise as both an importer for imported goods and a dealer for local goods inquired about issuing invoices without passing CENVAT credit. The response clarified that an importer must register with the Director General of Foreign Trade for an Importer-Exporter Code and now, due to an amendment effective April 1, 2014, also register with the Central Excise Department as a first stage dealer. This requires filing quarterly returns and maintaining a credit account for Countervailing Duty (CVD) and Special Additional Duty (SAD) on imported goods, ensuring proper credit transfer to customers.