Cancellation of ct1
This query is : Resolved
27 December 2011
Dear Sirs,
I Work with a Merchant Exporter as logistics executive.
We have executed B1 Running Bond & obtained
CT1 for procurement of goods from various vendors for export without payment of excise duty..
Now our purchase department says that as far as this transaction is concerned our scope
is limited to sourcing the goods and the actual export is to be done by another shipper who has placed this order for supply of goods.
Now who has to obtain the CT1 @ Execute ARE-1 for this export?
How to cancel the CT1S already obtained from Central Excise?
Please advise/
Thanks & regds,
PADMAMOHAN
I Work with a Merchant Exporter as logistics executive.
We have executed B1 Running Bond & obtained
CT1 for procurement of goods from various vendors for export without payment of excise duty..
Now our purchase department says that as far as this transaction is concerned our scope
is limited to sourcing the goods and the actual export is to be done by another shipper who has placed this order for supply of goods.
Now who has to obtain the CT1 @ Execute ARE-1 for this export?
How to cancel the CT1S already obtained from Central Excise?
Please advise/
Thanks & regds,
PADMAMOHAN
29 December 2011
the actual merchant exporter will be liable for CT-1/ARE-1
visit the bond authority with request, he may ask for a declaration from the R/O of factory regarding non utilization of CT-1 before cancelling the same.
visit the bond authority with request, he may ask for a declaration from the R/O of factory regarding non utilization of CT-1 before cancelling the same.
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