Dear Sirs,
we are manufacturers of certain dutiable goods. One of our finished goods (say A - on which excise duty is paid) is converted to another value added product (B) and is sold to customers. Though the 'commercial name' of the value added good changes on conversion, the tariff head remains the same.
We have already included A in the excise registration certificate. In this context, whether we have to amend our registration certificate (since CETA remains the same and it already exists in the registration) or not?
What are the procedures to be followed and precautions to be taken.
Manufacturer Queries Need for Excise Registration Update After Product Conversion; Experts Advise on Compliance Procedures A manufacturer queried whether their excise registration certificate needed amendment after converting a dutiable product (A) into a value-added product (B), given that both fall under the same tariff heading. Responses from various experts indicated no amendment was necessary if the tariff heading remains unchanged. However, they advised following procedures for captive consumption, such as raising invoices for product A and making entries in the RG-1 register. Some suggested appending product B in the registration certificate using the ACES system, and ensuring product B is separately listed in RG-1 and ER-1 returns. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
