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Excise duty

Ritesh Kumar (Asst Mgr.) (33 Points)

21 May 2012

Dear Everybody.

Can you help me on below point:-

We are a trading company and we are purchasing material from interstate for Export only how can we get the exemption of Excise Duty i.e.12.36% using CT- Form and ARE-1 from. and how can we used.

Please advise urgently.

Thanks in Advance

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3 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 21 May 2012

I dont think that ED would be applicable for a assessee carrying on trading business as ED is applicable only to assesses carrying on only manufacturing business on whihc ED is chargeable.

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 21 May 2012

I dont think that ED would be applicable for a assessee carrying on trading business as ED is applicable only to assesses carrying on only manufacturing business on whihc ED is chargeable.

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 25 May 2012

You can procure material without payment of duty for export purpose under CT-1. For that purpose you should provide B-1 Bond with Central Exicise range office. After execution of Bond, department will issue CT-1, on that basis you can buy material for export without payment of duty. After export proof of should be submitted to range superintend.