Sale against form ct-3

26 May 2012

We are the manufacturer and registered under excise.One of our customer who is exporter has issued us ct-1 for procurement of goods without excise.

We are dispatching goods to customers warehouse against ct-1 without payment of duty.

Can we despatch goods without payment of duty against ct-1 to warehouse of exporter

Please inform us what is the correct procedure.

Arun Kumar Singh (Expert)

Click to Talk 29 May 2012
After execution of bond, merchant exporter has to obtain CT-1 certificates from excise office. The merchant exporter can obtain CT-1 forms in lot of 25. Part I of the form is certified by Superintendent of CE regarding bond executed. It is not necessary to obtain CT-1 for each consignment separately. CT-1 form in lot of 25 should be issued to merchant exporter covering period of one to three months, depending on his track record. The merchant exporter shall send CT-1 form to the manufacturer from whom goods are to be procured for export without payment of excise duty. Before sending CT-1 the merchant exporter should debit estimated amount of duty liability. this amount is required to be specified in part II form CT-1. On the basis of this CT-1, the manufacturer can clear goods for export without payment of duty by making suitable entries in part II of CT-1.

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