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It is an indirect tax which is levied on all those Goods and Products, which are manufactured or produced in India. Therefore, central excise registration is the inevitable necessity of all the manufactures in India. If any manufacturing or producing unit fails to register for Central Excise, a heavy penalty and/or imprisonment can be imposed.
Do you come under the Central Excise Law?
The Central Excise Law prevails over all the manufacturing and production units in India. This in other words means that if you are a manufacturer or producer of goods in India, you come under the Central Excise Law and therefore need to register for Central Excise. One important thing to be noted in this case is, that re-packing or production of agricultural products, assembling and selling of waste or by-product could be dutiable.
Who all are exempted from the Law?
All the industries who have their aggregate turnover of less than Rs. One Crore and Fifty lakhs per year are exempted from Central Excise. Also wholesalers of excisable goods or products, or the traders, who use excisable good for purposes other than processing or manufacturing, do not come under the Law.
Details about Central Excise Registration
Any trader whose business comes under the Central Excise Law has to obtain a Central Excise Registration number. It is a fifteen digit number which is arranged in a manner that the first ten digits are the PAN Number, the eleventh and twelfth digits are the applicant status and the last three digits signify the premises number. The traders must note that they must register separately for each of their manufacturing premises.
Once the registration process is complete and registration number is obtained, it is valid unless it is is suspended or surrendered.
For more information about Central Excise Registration in India,
contact us at Company Registration.
The laws that oversee the matters of company registration, registration of business names and trademarks operate separately. This article discusses the difference between company registration and trademark registration along with addressing various concerns related to it.
Trademark Registration is the process that one goes through in order to get the unique company mark (identity of any kind) to be registered under the Trademark Act of India. Trademark registration gives the owner(s) rights to exclusive use of the registered trademark and also the right to acquire legal protection in case of infringement of their trademark. A trademark may consist of any or all of these-words, slogans, business names, numerals and signs. Generally the trademark registration process takes more than 12 months however the TM symbol can be used along with the logo or business name. This can also be done to symbolise that a trademark application has already been filed.
LLPs or Limited Liability Partnership is one of the newest forms of business entity in India. The LLP Registration was started in India in 2008 and it has quickly gained popularity among small businesses because of its low registration cost. LLP or Company Registration refers to the creation of a separate legal entity proficient to do business transactions and own property. The process of registration can be completed within 20 working days usually. A Certificate of Incorporation is issued once the company is registered. An account in the company name can then be opened. The certificate of incorporation can be used for obtaining other registrations like TIN Registration, Service Tax Registration, etc..
As mentioned above, trademark registration refers to the registration of an intellectual property whereas Company or LLP Registration is the creation of a separate legal entity. As per the difference, the purposes that both the processes solve are also different. Trademark registration provides legal rights of use of a mark and a company is free to register more than one trademark. With Company or LLP registration on the other hand, one creates a legal entity for undertaking business activities.
The Ministry of Corporate Affairs governs the registration of companies in India and does not allow a Company or LLP to be registered with already existing name. Nonetheless, the name of the business can still be used by others if trademark registration is not acquired. Therefore, it is suggested that the business name should also be trademarked.
If you wish to commence your dream business in India or want to register your trademark, visit http://www.eFilingportal.in , also stay connected for more such information.
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