Imported CENVAT Credit - New provisions
THINGS have indeed changed!
After pressing the UNDO button on the above two notifications, Government has come up with new notifications effective from 1.4.2014:
Registration mandatory for importers issuing invoices on which CENVAT Credit can be taken
. Rule 9 of the Central Excise Rules 2002 is amended to make it mandatory for an importer who issues an invoice on which CENVAT Credit can be taken, to get registered. This was proposed in the earlier notification also. It is brought back.
Notification No. , Dated: February 28 2014
Registered Importer - CENVAT Credit Rules Amended:
Registered importer is required to file a quarterly return in the Form prescribed. And this return is to be submitted electronically.
Notification No. , Dated: February 28 2014
Registration mandatory for importers - Changes in Central Excise Registration Application Form
: Importer is now included in the Registration Application Form
Notification No. , Dated: February 28 2014
New Quarterly Return prescribed:
CBEC has prescribed a new Quarterly Return Form for first stage/ second stage dealer or the registered importer.
Notification No. , Dated: February 28 2014
Now, the importer is on par with the manufacturer and he has to get registered (and file a return) if he wants to issue invoices. The importer is not a first stage dealer; in fact he can sell the goods to a first stage dealer.
Should Depot be registered
? A cenvattable invoice can be issued from the depot of a manufacturer or importer. Now is the depot of the importer or manufacturer required to get registered?
And should the Board create so much confusion for a simple thing like asking an importer to get registered?