"Neil Jones" je napisao u poruci interesnoj
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I am working on a VB script with the goal to import data from a raw file
(using userforms) into the spreadsheet. Is it possible to develop this
in Excel AND create it as an EXE file?

there are three very similar solutions:
- vbscript
- excel vba
- vb express

depending on your code organization/architecture, you may have central
working procedure to be the same for all of three solutions, just have outer
wrapper procedure, special for each case

vb express is part of free ms visual studio express, and it may produce
standalone exe