Dealer of Excisable Goods

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

1. depot of a manufacturer; or the premises of the consignment agent of 2. 3. 4. 5. 6.

the manufacturer or any other premises from where the goods are sold by or on behalf of the manufacturer; first stage dealer of excisable goods; second stage dealer of excisable goods; depot of an importer or the premises of the consignment agent of the importer; first stage dealer of imported goods; second stage dealer of imported goods.

First stage dealer means a dealer who purchases goods directly from:

a. the manufacturer under the cover of an invoice issued under Rule 52A
or Rule 100E or from the depot of the said manufacturer or from premises of the consignment agent of the said manufacturer or from any other premises from where the goods are sold by or on behalf of said manufacturer; or b. an importer or from the depot of an importer or from the premises of the consignment agent of the importer.
Second stage dealer means a dealer who purchases the goods from the first stage dealer. Procedure to be followed by the registered dealer.

The procedure with regard to registered dealer is incorporated in Rule 57GG. The registered dealer is required to maintain a stock account in the form RG -23D and an invoice book incorporating a specified proforma. The invoice book shall bear a printed number running for the whole financial year beginning on the 1 st April of each year. The registered dealer can use only one invoice book at a given time unless otherwise permitted by the Commissioner in writing. Each foil of the invoice book is to be authenticated by the Owner or Working Partner or Managing Director or the Company Secr etary before being used.

The serial numbers of the invoices to be used are to be intimated to the jurisdictional Assistant Commissioner of Central Excise. The registered person must obtain the dated 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 Assistant Commissioner of Central Excise. In the event of these serial numbers being exhausted, a revised intimation is to be sent. The details of software used including a format used for information, is also required to be sent to the Assistant Commissioner. The registered person is to preser ve all the statutory records for a period of five years and is duty bound to produce the same, on demand, by the Central Excise officers. 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.