Surrender of Registration

[Srivatsan Krishnamachari]

Dear Experts,

Kindly provide your valuable suggestion on our issue.

We have surrendered excise registration of our one unit online and forwarded letter to our Division office. But we have a pending issue (for Interest amount) in CESTAT, where we were granted 'STAY' from CESTAT. Now department is not ready to clear our registration saying that we have pending matter Even after submission of Indemnity bond and also given reference our another unit located in the same city.

Now, i would like o know, is there any case law/Trade notice in our favor and also suggest for any other alternates.

Thanks for support

Srinivas

AI Summary

De-registration eligibility: excise registration can be surrendered only if no pending dues; bonds may be insufficient.
De-registration of excise registration requires that no dues be pending for recovery; "dues" includes duty, interest and penalty, and an application for surrender may be refused if any demand or appellate matter remains. Responses in the record note one approach of providing a bond to cover the stake in pending tribunal litigation, but the amended de-registration provision contemplates clearance only where no dues exist, making payment and subsequent refund (if any) the recommended course rather than relying solely on an indemnity bond.