Union Finance Ministry on 4 May 2015 made Permanent Account Number (PAN) mandatory for private firms seeking Central Excise Registration.
In this regard, the Ministry issued an order mentioning that applicants seeking registration will mandatorily have to quote PAN of the proprietor or the legal entity being registered in the application form.
The new laws say that the PAN registration will be given within two days of filing online applications to improve the ease in doing business in manufacturing. While, the government departments has been exempted from the requirement of quoting PAN in their online application.
Apart from this, the order also mentions that the applicant will have to quote his e-mail address and mobile number in the application form for communication with the department.
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When: 4 May 2015