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procedural knowledge of CT- 1,UT-1

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CA-ASPIRANT

CA-STUDENT

287 Points Posted on 20 May 2009

Sir,

Please let me know the procedure related to CT- 1 and UT- 1 followed in in the manufacturing industry in detail.

Thanks in advance.

Replies (2)

satya

Executive Excise

1312 Points Posted on 21 May 2009

Hi, Amritesh

Manufacturer Exporter only executes LUT(Letter of Undertaking) instead of BOND (Previously), Others means Traders, Merchant Exporters are needed to execute CT1.

Arun Kumar Singh

GST Advocate

13166 Points Posted on 21 May 2009

CT-1 is a Certificate for procurement of excisable goods for export without payment of duty. Form UT-1 Letter of undertaking for removal-for export of excisable goods without payment of duty.