What's new‎ > ‎Service Tax‎ > ‎

Dealers who imported goods or purchased goods from other importers

posted 13 Jun 2014, 03:58 by Unknown user
The rate of duty for manufacturers of goods availing notification No.1/2011 has been increased from 1% to 2% vide notification No 16/2012-CE dated 17-3-2012. In view of above change , ER-8 return has been suitably modified to enable entry of multiple rates by the assessees ( To view notification No 16/2012 CE, click here.)
Earlier, dealers who imported goods or purchased goods from other importers had difficulty in filing dealer returns in ACES, as the ACES application did not allow such dealers to mention their own Central Excise registration number, or the IEC Code of the importer in the column prescribed for mentioning the CE Registration number in the block "Documents based on which credit is passed on" in the dealer return . The application has now been modified, so that 1st or 2nd stage dealers who have either imported goods on their own or have purchased goods from other Importers can mention their own IEC code or the IEC Code of the importers in the prescribed column. The ACES application will verify if the IEC code is a valid one available in the database or not and in case of invalid IEC codes, the returns will be rejected. In case of rejection, the dealers can incorporate the correct IEC codes and e-file the return.
Comments