Dealer to declare the name of manager of business, Permanent Account Number and Importer Exporter Code

95 '[Dealer to declare the name of manager of business, Permanent Account Number and IEC (Importer Exporter Code)| |Rule: 18 | Forms: 4, 7,52 Every dealer being a Hindu undivided family or an association of persons or club or society or firm or company or any person or body who is engaged in business as the guardian or trustee or otherwise on behalf of another person, and who 1s liable to pay tax under this Act, shall, within the period prescribed, furnish a declaration in the manner prescribed, stating the name of the person or persons who shall be deemed to be the manager or managers of such person’s business for the purposes of this Act. The declaration furnished under sub-section (1) of this section may be revised from time to time as required. *I(3) Every dealer at the time of applying for registration under this Act shall mention the Permanent Account Number (PAN) obtained under the Income Tax Act, 1961 (43 of 1961): PROVIDED that the dealers already registered under the Act shall intimate Permanent Account Number (PAN) obtained under the Income Tax Act, 1961 (43 of 1961) in the prescribed form, within two months of notification of the amendment. (3A) Every dealer liable to pay tax under this Act and having an IEC (Importer Exporter Code) under The Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992), shall mention the IEC (Importer Exporter Code), at the time of applying for registration under this Act,: PROVIDED that the dealers already registered under the Act and having IEC (Importer Exporter Code) under the Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992) shall intimate the details in the prescribed form, within two months of notification of this amendment : ' Substituted for the words, “Dealer to declare the name of manager of business and permanent account number” vide notification No.F.14(13)/LA-2012/cons2law/179 dated 28.12.2012 read with No.F.3(9)/Fin.(Rev.-1)/2012-13/dsvi/34-39, dated 15.01.2013 w.e-.f. 16.01.2013. Earlier substituted for the words, “Dealer to declare the name of manager of business” vide DVAT (Second Amendment) Act, 2005; No. F.14(29)/LA/2005/333, dated 16.11.2005 w.e.f. 16.11.2005 * Substituted for the words, “Every dealer liable to pay tax under this Act who is liable to obtain a Permanent Account Number (PAN) under the Income Tax Act, 1961 (43 of 1961), shall communicate to the Commissioner, in the prescribed time and manner, the said number if he has obtained the same and, in any other case, shall state whether he has applied for the same and provide the details of the application.” vide notification No.F.14(13)/LA- 2012/cons2law/179, dated 28.12.2012 read with No.F.3(9)/Fin.(Rev.-1)/2012-13/dsvi/34-39, dated 15.01.2013 w.e.f. 16.01.2013. Earlier inserted vide DVAT (Second Amendment) Act, 2005; No. F.14(29)/LA/2005/333, dated 16.11.2005 w.e.f. 16.11.2005. PROVIDED FURTHER that every dealer registered under the Act, who obtains an IEC (Importer Exporter Code) under the Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992), subsequently shall provide the IEC details in the prescribed form, within 15 days of obtaining the IEC. ] '1(4) Any person who fails to furnish a declaration or, as the case may be, a revised declaration as provided in sub-section (1) and sub-section (2) of this section or fails to provide details of the Permanent Account Number obtained under the Income Tax Act, 1961 (43 of 1961), as provided in sub-section (3) of this section or fails to provide the IEC (Importer Exporter Code) under The Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992) as provided in sub-section (3A) of this section, shall be liable to pay, by way of penalty, sum equal to Rupees one thousand per week of default subject to a maximum of fifty thousand rupees. ]