Form ct-1- for exporter
This query is : Resolved
28 January 2015
Dear Sir/Mam
I m working in an export organization as a Sr.Accountant can you provide me related notification / circular / information about Form - CT-1 (for exemption of Excise duty on material purchased) and also tell me about the next / full process for documentation / returns of that.
I m working in an export organization as a Sr.Accountant can you provide me related notification / circular / information about Form - CT-1 (for exemption of Excise duty on material purchased) and also tell me about the next / full process for documentation / returns of that.
29 January 2015
A merchant exporter can procure excisable goods from various manufacturing unit on independent CT-1, they can gather all excisable goods from various manufacturer at their warehouse for the purpose of export the full container. and than invite jurisdictional officer to stuff the container.
also noted The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufactuere Exporter's Jurisdictional AC.
After receipt of the CT-1 and the ARE-1, the manufacturer exproter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
More Info:
http://www.cbec.gov.in/excise/cx-act/notfns-2k1/cent42c-2k1.htm
http://www.cbec.gov.in/excise/cx-act/notfns-2k7/cent31-2k7.htm
also noted The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufactuere Exporter's Jurisdictional AC.
After receipt of the CT-1 and the ARE-1, the manufacturer exproter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
More Info:
http://www.cbec.gov.in/excise/cx-act/notfns-2k1/cent42c-2k1.htm
http://www.cbec.gov.in/excise/cx-act/notfns-2k7/cent31-2k7.htm
Message likes :
1 times
29 January 2015
Mr. Akhilesh!welcome you!!!!
You can also ask any query at any time in CA CLUB INDIA.
Regards,
You can also ask any query at any time in CA CLUB INDIA.
Regards,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
