Difference between ut-1 and b1 bond

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Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Dear all seniors
Plz clarify the difference between the UT-1 and B1 Bond.

Thanx & Regard
Amit gwala

Arun Kumar Singh

Arun Kumar Singh (Expert)
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26 November 2015 Manufacturer exporter can execute the UT-1 but merchant exporter can execute the B1 bond.

Dipesh

Dipesh (Expert)
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26 November 2015 An exporter shall furnish bond in Form B-1 and obtain certificate in Form CT-1. A
manufacturer-exporter may furnish annual Letter of Undertaking (no CT-1 is required in
this case).

Arpit Shah

Arpit Shah (Expert)
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09 December 2015

CT-1 is used for getting the goods from the manufacturer exporter by the merchant exporter for the purpose of export. And UT-1 is used for exporting the goods by the manufacturer exporter without payment of excise duty or without executing the bonds.