We have Excise Registration as a Trading. but we are not raising any central excise invice and we are submitting nil report to Central Excise Department. We are planing to surrender the central excise registration certificate. what is the impact or process for doing the same.
Procedure for surrendering excise registration
Guest
Surrender of excise registration: submit original certificate with prescribed application, state reasons, and obtain official acknowledgment stating notification details. The operative procedure requires submission of the original registration certificate with a letter in the prescribed application form stating reasons for surrender, obtaining an acknowledgement from the jurisdictional officer, and recording the surrender notification number and date where required; there is generally no impact if no taxable activity is carried out and only nil returns were filed. (AI Summary)
TaxTMI