Export regarding..
This query is : Resolved
23 September 2012
Dear Experts, Please give a suitable solution.
An Excise registered manufacturer (1) wants to export goods from the premise of another manufacturer(2)as merchant exporter (Gen. Bond & CT-1 method is prescribed). Presently he(1)is not having any bond / UT-1 executed but the manufacturer(2)is having UT-1 executed. The realisation will be received in Indian currency from (1) therefore(2) can't make direct ARE-1. What is the quickest way that export will happen?
An Excise registered manufacturer (1) wants to export goods from the premise of another manufacturer(2)as merchant exporter (Gen. Bond & CT-1 method is prescribed). Presently he(1)is not having any bond / UT-1 executed but the manufacturer(2)is having UT-1 executed. The realisation will be received in Indian currency from (1) therefore(2) can't make direct ARE-1. What is the quickest way that export will happen?
U S Sharma
(Expert)
23 September 2012
in this case (1) would be merchant exporter, and have to execute B-1 Bond, and obtain CT-1 in favor of (2)
ARE-1 formalities are same, just a countersign of manufacturer is required, just beside the exporter
There is no bar to pay in indian rupee transaction from (1) to (2)
ARE-1 formalities are same, just a countersign of manufacturer is required, just beside the exporter
There is no bar to pay in indian rupee transaction from (1) to (2)
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