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Export againt bond , ct-1, ct-3

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(Querist)
24 October 2012 Please explain above subjected export procedure,Please briefly told when CT-1,CT-3 or Bond is applicable for export and what is the mining of that forms

Thanks

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Rama Krishnan

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Rama Krishnan (Expert)
24 October 2012
CT-1- FORMS ARE USED TO PROCURE GOODS DUTY FREE( EXCISE DUTY FREE) FOR EXPORTS

CT-3- FORMS IS A PERMISSION OT REMOVE GOODS WITHOUT PAYMENT OF EXCISE DUTY FOR EXPORTS.

BOND - IS AN UNDERTAKING GIVEN TO THE EXCISE DEPT THAT IN THE EVENT THE GOODS ARE NOT USED FOR INDENTED PURPOSE THAT IS EXPORTS, DUTY ALONG WITH INTEREST WILL BE PAID BACK TO DEPT.
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