Sale against form ct-3

This query is : Resolved

Bhanu (Querist)
Follow

26 May 2012 Sir,

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

Arun Kumar Singh (Expert)
Follow

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.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shubham Jain

Sivanath VV

Raviraj ponkshe

SANJAY GAIROLA

Aayesha mulani

Subscribe Now

Sale against form ct-3

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA