New Trader

[Pratik Jadav]

Dear Sir/Madam,

Regards to all.

I am a new to Chemical trading business, Specifically Solvents.

I want to know about Excise duty. It is already in process.

How to charge excise duty and how to forward the same etc.

Your response will be highly appreciated.

Thanking You,

Pratik S Jadav

+91 9979767043

AI Summary

New chemical solvents trader advised to register as first stage dealer under Central Excise Rules, 2002 for duty compliance. A new trader in the chemical solvents business seeks guidance on handling excise duty. Two respondents provide advice: the first suggests registering as a first stage dealer under the Central Excise Rules, 2002, allowing the trader to pass on excise duty through cenvatable invoices. The second respondent notes that while maintaining RG23A/C records is not mandatory, companies do so for clarity and control. They emphasize the importance of proper accounting to ensure compliance, allowing excise duty paid on purchases to be set off against payable excise duty.