Central Excise is a Duty on the manufacture or
production of all excisable goods in India. The Central Excise Duty is a form
of indirect Taxation imposed through Central
Excise ACT, 1994. Excise Duty is imposed when the goods are manufactured or
produced in India and is payable when the goods are removed from the
manufactured premises. Every person who deals or manufacture or deals in
excisable good is required to obtain Central Excise Registration as per Rule 9 of the central excise rules,
2002.
Importance of Excise Registration:
There is a
necessity of taxes in any country but it is important to know what the Government does with that money. Taxes
are imposed (levied) to ensure the smooth running of the public services in
India. Excise duty is a part of it.
Taxes can
also be a tool to control the sale of a good. The increase in tax amount of
products may have eventually lead to reduction of purchase due to infirm
affordability.
Taxes in
general, help Governments in infrastructure projects such as building roads,
railway networks that are used by the public. It also helps to ensure that the
defense forces i.e. navy, air force and army are being maintained and the
required arms are being funded, so that taxpayer or not, a citizen of India
feels safe and secure at home. Other maintenances such as public parks, water
treatment and cleanliness in public places are funded by such taxes.
Also, under
the Indian law system excise tax,
unless exempted under the corresponding acts. If an individual or an
organization is caught avoiding excise tax, the idiom could be a fine of 20-50%
of duty avoided. It also spoils the organization and the involved individual’s
image.
Process of Excise Registration:
The following Documents are to be
submitting for obtaining the registration:
Ø Pan card copy of the
company/firm.
Ø Ground plan of factory (which
should also provide description of boundaries of premises to be registered).
Ø Cancelled Cheque of Bank Account.
Ø General power of Attorney (in
case application is signed by authority agent).
Ø Residence proof of Directors/partners.
Ø Copy of any other Registration if taken.
Ø Pan card copy of authorized
signatory.
Ø List of Directors or Partners.
Ø Memorandum and Articles of
Association/Partnership deed.
Ø Pan card copy of
directors/partners other than signatories.
Ø Registration certificate under
any other laws (if any).
Ø Address proof of the Factory
premises:
·
Copy of
purchase agreement along with electricity bill, water bill, etc,, if factory is owned.
·
Copy of
leave and license agreement along with electricity bill, water bill, etc,, if
factory is taken on lease.
·
‘No
Objection Certificate’ from the licencor and last paid rent receipt may also be
required.
Conclusion:
Central Excise
duty is an indirect tax levied on goods manufactured in India. The tax is
administered by the Central Government. Government earns revenue by excise duty
and invests this earned revenue for public welfare and control production of
harmful product.
RBG
Consultant provide the live chat options for the customers who find
difficulties can chat live and find solutions. To obtain more information about Excise Registration Online visit rbgconsultant.com
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