Ct-1 and form -h

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2015 can merchant exporter avail CT-1 and form -H benefit if export is through air freight

if yes then what is procedure....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

18 May 2015 After furnishing bond, a merchant-exporter shall obtain certificates in Form CT-1 specified in Annexure-III issued by the Superintendent of Central Excise having jurisdiction over the factory or warehouse or approved premises or Maritime Commissioner or such other officer as may be authorised by the Board on this behalf and on the basis of such certificate he may procure excisable goods without payment of duty for export by indicating the quantity, value and duty involved therein;

(b) the exporter who has furnished bond shall ensure that the debit in bond account does not exceed the credit available therein at any point of time;

(c) the manufacturer-exporter may remove the goods without payment of duty after furnishing the letter of undertaking as specified under condition (i).

(d) such General bond or letter of undertaking shall not be discharged unless the goods are duly exported, to the satisfaction of the Assistant Commissioner of Central Excise or the Deputy 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.(must read Notification No.42/2001-Central Excise (N.T.) 26th June 2001

In case of export through merchant exporters, the manufacturer will also mention on the top "EXPORT THROUGH MERCHANT EXPORTERS" and will mention the Export-Import Code No. of such merchant exporters.
must see (Circular No. 212/46/95-CX dated 20/5/96)

more info:
https://www.tiktokconsultants.com/index.php/export-excise-procedures

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