Excise procedure for export as a trader
This query is : Resolved
16 December 2011
Hi good morning. Anybody can guide me about: a) What is the difference betwen Security and Bond Value in case of Gen Bond B1, b) As a trader if I want to carry the material directly to customs warehouse from manufacturer point instead of taking the goods at my warehouse then where should I have to execute the Bond B1 and who (excise officer) will sign on the ARE1, c) Should I deposit the bond value even when I have the membership of Export Processing Council.
18 December 2011
if you have EPC registration then u can get B-1 Bond against surity, get it notorized on 100/- Jon judicial stamp, and submit to division of manufacturing unit or maritime commissionarate, DC of manufacturing unit/ maritime commisioner will accept the bond and issue acknowldgement,
you have to get CT-1 signed by the bond authority for transfer of credit to manufacturing unit.
ARE-1 will be issued by yourself, countersigned by manufacturer and export will be supervised by Range superintendent of manufacturing unit ( by self or inspector), and they will sign / endorse the ARE-1 for onward submission to customs.
you have to get CT-1 signed by the bond authority for transfer of credit to manufacturing unit.
ARE-1 will be issued by yourself, countersigned by manufacturer and export will be supervised by Range superintendent of manufacturing unit ( by self or inspector), and they will sign / endorse the ARE-1 for onward submission to customs.
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