Ct-1 sale

This query is : Resolved

Share Report Follow Query Ask a Query

Rahul

Rahul (Querist)
Follow

19 September 2013 we are manufacturer, party given us CT-1 for Export sale plz tell me the procedure against CT-1 sale.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

20 September 2013 Under CT-1 you can supply to him excisable goods without payment of duty under rule 19 of central excise rules 2002 for the purpose of export.

Message likes : 1 times

Rahul

Rahul (Querist)
Follow

23 September 2013 Dear Sir,

Thanks for reply, please tell me what type of documents are required for sending the goods to the customer.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

17 October 2013 thanks expert ji.

kindly also Noted that:

The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.

The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufacture Exporter's Jurisdictional AC.

After receipt of the CT-1 and ARE-1, the manufacturer exporter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.

The ARE-1 distribution is as follows

Original + duplicate +Extra Along with the shipment

Triplicate + Quadriplicate To the Manufacturer's Jurisdictional Excise Office

The Triplicate Copy signed by the excise officer, needs to forward to the Bond Executing authority of the merchant exporter

AFter Export, you may call the Self Certified Copies of Proof of Export for Manufacturer Exporters Record.

You have to convince the merchant exporter to
-----------------------------------------

1. Obtain RCMC from jurisdictional EPC to get exemption from BG guarantee requirement

2. Execute bond with the ACCE - Bonds at hqrs office designated for the purpose

3. Thereafter obtain CT - 1 certificate

4. Merchant exporter is also required to submit periodical statement of exports

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now