Import & export by a trader

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K Ghosh (Querist)

21 September 2011 Sir,
1. As a trader(1st stage or 2nd stage) we want to purchase metal item such as copper from local market and export the same - what are the central excise and sales tax rules to be followed, how the duties and taxes will be levied, whether we need to examined and sealed the consignment by the central excise, should we have to submit general bond B1 and / or A4.

2. As a trader we want to import copper or other metal and export the same to another country - what procedure we should have to follow, whether the goods to be taken to our godown or we can clear it from port waresouse itself, what are the duties and how it would be levied in our sale invoice, should we have to filled general bond B1 and / or A4.

Kindly advise and guide me accordingly, I shall really be grateful.
With warm regards,
K Ghosh

U S Sharma

U S Sharma (Expert)

22 September 2011 1. when purchased from local market, you will not get excise invoice, hence you are eligible for claim of duty drawback,
B-1 bond CT-1 and ARE-1 is to be followed if you want to claim any benefit, either cenvat contained or duty drawback.

2. if you bring the goods to your warehouse then customs duty will not be refunded, so its better to use customs warehouse under bond procedure to re-export the goods,
for such details visit your local customs office, they will provide you details of warehousing procedure, if available.

K Ghosh

K Ghosh (Querist)

23 September 2011 Thank you sir, I am cleared about B1 and ARE1 but what about CT1, could I get ready format of B1 Form, moreover we have IEC and EEPC registration so should we have give any security or bank gurantee against B1. Kindly apprise.
Regards

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