Difference between ut-1 and b1 bond
This query is : Resolved
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
Plz clarify the difference between the UT-1 and B1 Bond.
Thanx & Regard
Amit gwala
Arun Kumar Singh
(Expert)
26 November 2015
Manufacturer exporter can execute the UT-1 but merchant exporter can execute the B1 bond.
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).
manufacturer-exporter may furnish annual Letter of Undertaking (no CT-1 is required in
this case).
Arpit Shah
(Expert)
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.
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.
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