As you are aware that under Excise Rules, any company, which is engaged in trading of goods, is required to obtain following registrations if such company wants to pass on CENVAT credit to the supplier:
- Dealer Registration – purchase from local market and sale in the local market; and
- Importer Registration – purchase from foreign market and sale in the local market.
In this connection, Central Government has issued Notification No. 30/2016-CE (NT) dtd. 28th June 2016 wherein an amendment has been made w.e.f. 28th June 2016 that –
- A person who is registered as a First Stage Dealer shall not be required to take registration as an Importer; or
- A person who is registered as an Importer shall not be required to take registration as a First Stage Dealer.
In this connection, CBEC has issued a Circular No. 1032/20/2016-CX dtd. 28th June 2016 wherein it is clarified that at present if a person is registered both as First Stage Dealer and Importer shall have an option of filling single quarterly return giving details of First Stage Dealer transactions followed by Importer transactions in one table.