As per N/N 30/2016, dtd 28-06-2016, a person who obtains registration as first stage dealer shall not be required to obtain registration as importer and a person registered as importer shall not be required to obtain registration as FSD. Further in Circular No. 1032/20/2016 dated 28-06-2016, CBEC has clarified that a person who conducts business both as FSD as well as importer may now have common registration but this is optional and he can have separate registrations also. Further clarified that a person who conducts business both as FSD as well as importer shall have option to file single quarterly return