23 January 2012
My Company Manudem have an order for machined parts from France. I propose to give sub-contract to a Bangalore company to make the components We will buy these turned parts from the bangalore sub-contractors and export ourselves to France.
What are all the requirements.
1) What are all the declaration, forms we should give to the local manufacturer so that we need not legally pay the VAT or Central Excise on this, since it is for export. 2) What are all the forms we should submit to the authorities to claim the export benefit.
26 January 2012
you have to obtain "B-1" bond from the commissionerate of manufacturer, or maritime commisionarate, and issue CT-1 and ARE-1 to manufacturer.
Manufacturer will clear the goods without duty on strength of such CT-1 by counterssigning the ARE-1, you have to submit the ARE-1 copies to bond authoruty post export.
for CST / Vat exemption you have to submit form H from your local vat department,