Government makes PAN mandatory for central excise registration
Union Government has made Permanent Account Number (PAN) mandatory for private firms seeking central excise registration.
As per the new rules, the PAN registration will now be given within two days of filing online applications to improve the ease in doing business in manufacturing.
In this regard Union Finance Ministry has issued an order that clearly mentions that applicants seeking registration shall mandatorily quote PAN of the proprietor or the legal entity being registered in the application form.
However in the new rules, government departments are exempted from the requirement of quoting PAN in their online application.
The order also mentioned that applicant shall also quote his e-mail address and mobile number in the application form for communication with the department.
Under the new procedure, once duly completed application form is received online, registration would be granted within two working days. It will be issued online without any examination of the documents and verification of documents or premises before the grant of registration.
Month: Current Affairs - May, 2015