V.Marimuthu (Finance Excecutive-Indirect Taxation) (376 Points)
11 November 2016
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 23 November 2016
No. LUT is not required for trading goods.
V.Marimuthu
(Finance Excecutive-Indirect Taxation)
(376 Points)
Replied 23 November 2016
Thank you sir,
can you clarify the below doubts?
whether any bond is require for export from Trading unit?
whether ARE-1 is require for export from trading unit?
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 23 November 2016
Bond/Lut is a mutual aggreement between us and excise for claiming duty if the dutiable goods are not exported from India.
Your case the goods is not exciseable, so you can export with your IEC code of the trading unit.
V.Marimuthu
(Finance Excecutive-Indirect Taxation)
(376 Points)
Replied 23 November 2016
No sir in our trading plant all goods are exciseable goods only.
we are exporting the goods from our trading plant to outside india directly (Direct Export) without bond/LUT.
Whether ARE-1 is required or not for direct export from Trading Plant?
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