Excise for Importer

As per the Notification dated 28thFebruary 2014, with effect from 1st April 2014, all businesses registered as dealers of both imports and indigenous excisable goods have to:

• Obtain a fresh registration as importer

• Transfer the closing stock lying in dealer excise units as on 31st March 2014 to importer excise units, to be sold as opening stock under the fresh registration as importer

• Maintain separate books of accounts

• Generate e-returns with importer registration

To support the requirements of this Notification, the Excise for Importer feature is introduced with the facility to:

• Provide registration details of importer

• Create godowns with Excise Registration Type as Importer

• Transfer stock to importer unit, either manually or using the Import Helperbutton

• Record excise invoices

• Generate the following reports:

• Excise Stock Journal

• Excise Purchase Bill Register

• Excise Stock CENVAT Register for One Item and All Items

• Customs Clearance Register

• Extract reports

• Form RG 23D

• Generate e-returns