Form ct-1- for exporter
This query is : Resolved
28 January 2015
Dear Sir/Mam
I m working in an export organization as a Sr.Accountant can you provide me related notification / circular / information about Form - CT-1 (for exemption of Excise duty on material purchased) and also tell me about the next / full process for documentation / returns of that.
I m working in an export organization as a Sr.Accountant can you provide me related notification / circular / information about Form - CT-1 (for exemption of Excise duty on material purchased) and also tell me about the next / full process for documentation / returns of that.
29 January 2015
A merchant exporter can procure excisable goods from various manufacturing unit on independent CT-1, they can gather all excisable goods from various manufacturer at their warehouse for the purpose of export the full container. and than invite jurisdictional officer to stuff the container.
also noted The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufactuere Exporter's Jurisdictional AC.
After receipt of the CT-1 and the ARE-1, the manufacturer exproter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
More Info:
https://www.cbec.gov.in/excise/cx-act/notfns-2k1/cent42c-2k1.htm
https://www.cbec.gov.in/excise/cx-act/notfns-2k7/cent31-2k7.htm
also noted The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufactuere Exporter's Jurisdictional AC.
After receipt of the CT-1 and the ARE-1, the manufacturer exproter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
More Info:
https://www.cbec.gov.in/excise/cx-act/notfns-2k1/cent42c-2k1.htm
https://www.cbec.gov.in/excise/cx-act/notfns-2k7/cent31-2k7.htm
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29 January 2015
Mr. Akhilesh!welcome you!!!!
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