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Dealer of Excisable Goods

A dealer of excisable goods who is registered under Rule 174 of the Central ExciseRules, 1944 and on the strength of whose invoice Modvat credit can be taken, iscalled a registered dealer. The registration under Rule 174 is with regard to apremises. Any of the following categories would constitute a registered dealer

1. depot of a manufacturer; or the premises of the consignment agent ofthe manufacturer or any other premises from where the goods are soldby or on behalf of the manufacturer;

2. first stage dealer of excisable goods; 3. second stage dealer of excisable goods; 4. depot of an importer or the premises of the consignment agent of the

importer;

5. first stage dealer of imported goods; 6. second stage dealer of imported goods.

First stage dealermeans a dealer who purchases goods directly from:

a. the manufacturer under the cover of an invoice issued under Rule 52Aor Rule 100E or from the depot of the said manufacturer or frompremises of the consignment agent of the said manufacturer or fromany other premises from where the goods are sold by or on behalf ofsaid manufacturer; or

b. an importer or from the depot of an importer or from the premises ofthe consignment agent of the importer.

Second stage dealermeans a dealer who purchases the goods from the first stagedealer.

Procedure to be followed by the registered dealer. The procedure with regard to registered dealer is incorporated in Rule 57GG. Theregistered dealer is required to maintain a stock account in the form RG -23D and aninvoice book incorporating a specified proforma.

The invoice book shall bear a printed number running for the whole financial yearbeginning on the 1 stApril of each year. The registered dealer can use only oneinvoice book at a given time unless otherwise permitted by the Commissioner inwriting. Each foil of the invoice book is to be authenticated by the Owner or WorkingPartner or Managing Director or the Company Secretary before being used.

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The serial numbers of the invoices to be used are to be intimated to the jurisdictionalAssistant Commissioner of Central Excise. The registered person must obtain thedated acknowledgement of such intimation.

The registrant is permitted to use records and invoices generated through computer.When the invoices generated through computer, the serial numbers likely to be used

in the forth-coming quarter, are to be intimated to the jurisdictional AssistantCommissioner of Central Excise. In the event of these serial numbers beingexhausted, a revised intimation is to be sent.

The details of software used including a format used for information, is also requiredto be sent to the Assistant Commissioner.

The registered person is to preserve all the statutory records for a period of fiveyears and is duty bound to produce the same, on demand, by the Central Exciseofficers.

The registered person is to submit the invoices of goods received by him, within 7

days of close of each month, to the Central Excise officer, for defacement.