Shipment of goods through merchant exporter without ct-1.
This query is : Resolved
26 October 2013
Hi, ours' is a exciseable manufacturing Unit. We have an enquiry from one of the merchant exporter for goods to be shipped to east africa. The Merchant exporter cannot provide CT-1 and also do not want to disclose our identity to their buyer. They want us to quote FOB Price. Now the questions are :
1. What is the procedure in this case as we also want to avail duty drawback.
2. Is it possible to ship the Goods by preparing documents by declaring our Company as shipper, Merchant Exporter as the consignee and Notify Party as the actual importers on FOB Terms and then Switch the Bill of lading by changing the shipper to show Merchant Exporter and Notify party same one the Original Bill of Lading is issued after departure of the ship. Such practice is done in some other countries where the manufacturers get incentives on Export of Goods.
Please throw some light on this to enable us confirm the order if it is possible
1. What is the procedure in this case as we also want to avail duty drawback.
2. Is it possible to ship the Goods by preparing documents by declaring our Company as shipper, Merchant Exporter as the consignee and Notify Party as the actual importers on FOB Terms and then Switch the Bill of lading by changing the shipper to show Merchant Exporter and Notify party same one the Original Bill of Lading is issued after departure of the ship. Such practice is done in some other countries where the manufacturers get incentives on Export of Goods.
Please throw some light on this to enable us confirm the order if it is possible
26 October 2013
no possible for more information must read:
excise NOTIFICATION No.42 dtd 26.06.2001
excise NOTIFICATION No.42 dtd 26.06.2001
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
