Ct-1

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 October 2013 Dear Sir,
We are Mechant exporter and we are buy goods from excise Dealer, So We can purchase goods without payment of duty under form of CT-1from excise Dealer.

Arun Biyani

Arun Biyani (Expert)
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08 October 2013 Yes but goods is finished goods to be exported and not raw material or packing material..

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2013 But in CT-1 only Excisable Goods can be procure from Manufacture without payment of Duty.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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08 October 2013 any exporter (Manufacturer-exporter or merchant-exporter) can furnish bond, the merchant-exporters are necessarily required to furnish bond in the B-1 Form specified in Annexure-16 of notification no. 42/2001-Central Excise (N.T.),

supra with such security or surety as may be specified by the concerned bond accepting authority. The bond shall be in a sum equal at least to the duty chargeable on the goods for the due arrival of export goods at the place of export and their export therefrom under Customs or as the case may be postal supervision. The officer who will accept the bond, will also be responsible for discharging that bond upon furnishing proof of export by the exporter.

The bond shall not be discharged unless the goods are duly exported,to the satisfaction of the Deputy/Assistant Commissioner of Central Excise or Maritime Commissioner or such other officer as may be authorised by the Board on this behalf within the time allowed for such export or are otherwise accounted for to the satisfaction of such officer, or until the full duty due upon any deficiency of goods, not accounted so, and interest, if any, has been paid.

Certificate ‘CT-1", as specified in Annexure-17 have to be obtained by merchant-exporters for procuring goods from a factory or warehouse. Such certificates need not be obtained for each consignment but will be given in lot of 25.

Bond Accepting Authority
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Bond may be accepted by any of the following officers: -

The Deputy/Assistant Commissioner of Central Excise having jurisdiction over the factory or warehouse or any other premises approved by the Commissioner for storing non-duty paid goods;

Maritime Commissioners at Mumbai, Chennai, Kolkata, Paradeep, Kandla, Tuticorin, Visakhapatnam and Cochin.

The Deputy/Assistant Commissioner of Central Excise(Export) as officers authorised by the Board for this purpose.

Exporters are required to clearly indicate on the ARE.1 the complete postal address of the authority before whom the bond is executed and to whom the documents are to be submitted/ transmitted for admission of proof of export.

ANY INFORMATION must read:

https://www.excisekanpur.nic.in/cexman/cexchap7.html

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