Export againt bond , ct-1, ct-3
This query is : Resolved
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
Thanks
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.
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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