Require clarification regarding exports
This query is : Open
Harshal Borse
(Querist)
14 April 2015
Can Manufacturer exporter clear material as it is under LUT ( UT-1) or needs to executes B1 bond ? please clarify...
Also, please clarify whether cevat credit is permissible on such bought out items ?
wating for your replay..
CA Nimesh Maheshwari
(Expert)
14 April 2015
Manufacturer exporter can clear the material under LUT as well as under claim of rebate on the cover of ARE - 1
Yes, CENVAT credit is available on raw materials and bought out items.
Yes, CENVAT credit is available on raw materials and bought out items.
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