Diff between "Rebat Claim " and CT-1 Bond in Export

Under Rebate scheme one first pay Excise Duty and after submitting proof of export claim the duty involved from the department. Under CT-1 first Bond is executed mostly without bank guarantee and goods exported without payment of duty.

Dear Vimal, CT -1 is only one of the document called "Certificate for procurement of excisable goods for export without payment of duty" this document can be exercise only when an manufacture file bond with deputy comm of central excise & custom.which is supported by bank guarantee only. this certificate id prepared by spdt. of range . normally this is used by 100% EOU. units.

I beg to differ. FORM CT-1 pertaint to Certificate for procurement of excisable goods for export without payment of duty. FORM CT-2 pertains to Certificate for procurement of excisable goods under Procedure For Export Warehousing and only CT-3 is used by 100% EOUs to obtain excisable goods without payment of duty. CT-1 can be used by any manufacturer who exports their finished goods to obtain inputs without payment of duty. For this purpose, they have to necessarily execute a bond BUT if they are holding membership of export promotion council the bond need not be backed by any bank guarantee as per the Board's instructions.

Thanks for ans. In CT-1 ,is there any criteria for bond amount if yes then on which basis it decide?

The bond shall be equal to the duty amount involved and exporters shall furnish surety equal to full bond amount or security equal to twenty five percent. (25%) of the bond amount. I would like to know wheather u are a manufacturer-exporter or merchant-exporter.

We comes in Both category due to big group of companies. what diff. comes to Manufacture-exporter and Merchant Exporter- with respect to CT-1 Bond ?

In case of manufaturer, there is no need to obtain CT-1 from the department. Only to apply at Asstt.Commissioner/Dy. Commissioner for LUT (letter of undertaking) for duty free export under rule 19 of central excise rule and and within seven days, they will grant the permission. The LUT will stand for one year. In caes of merchant exporter, there is need of CT-1. Regards Ajay garg

yes you are correct. co other than 100% eou etc. are following Chapter10 Procedure

Would you pl. tell me the procedure of the CT-1 & CT-2, whether in case of the CT-1 the Form ARE1 is required or not. And in which case the CT-2 comes under activity.

I don't no

Is there any VAT or CST liability if goods are removed under CT3, & what about the collection of C form

Dera Dinesh,

if you are removing the goods under CT-3 it entitle you to get exemption from central excise only not from VAT and CST.

if 100% EOU are located in SEZ then you may procure the material against form I against nil CST. but vat you have to pay and claim refund.

Rgd,

Vijay

 

 

When manufracturer is entield to service tax credit in respect of transport of goods by road

When manufracturer is entield to service tax credit in respect of transport of goods by road