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Single Registration for Importer and Trader - CBEC Issues Notification and Circular


Single Registration - Nit-pickers take

CBEC needs to read psych of the field officers. This is how a nit-picking officer would react:
a. If a person is registered as 'importer' he cannot issue invoice as a 'second stage dealer'. Notification exempts only the 'first stage dealer'.
b. If during Apr 14 to June 2016 a person registered as a dealer (but not registered as importer) has issued invoices against goods imported by him, then Cenvat Credit should be disallowed to him and penalty should be imposed on the importer.
The government can avoid unnecessary litigation, if this is clarified immediately.

Sanjay R Dwivedi 04/07/2016

 

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