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Form-h
Dears Please clarify my doubts. X Ltd (Manufacturer,Tamilnadu), Y Ltd (Buyer,Maharashtra), Z Ltd (Third party, USA). X Ltd sold goods to Y Ltd against CT-1 and Form-C. Y Ltd PO showing they are Export to Z Ltd(USA). in this situation Y Ltd issue CT-1 and Excise Duty will not be applicable ED=0 My Doubts 1) Y Ltd issue CT-1, Whether Y Ltd should be Export the purchased goods from X Ltd. or can use other? 2) if buyer issuing CT-1 whether they should issue Form-H for CST Purpose? 3) if buyer issue CT-1 and Form-C also , whether this transaction is correct?
Replies (1)
- Y Ltd is the merchant exporter who has issued CT1 to the manufacturer. Thus, manufacturer can clear goods without payment of excise duty.
- Form C will be issued by the buyer for interstate sale (between manufacturer & buyer) at concessional rate of CST.
- Both are 2 different aspects: one relates to ED and the other to CST.
- Actually, interstate sale can be treated as penultimate sale of export and it is exempt from CST against issue of form H by the exporter.
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