As per rule 19 central excise rules 2001, A Merchant -exporter has to submit the Bond if he want to procure goods from diffrent places ,which is comes under diffrent division of AC/ DC .
i just wanted to know, where Merchant Exporter has to submit the Bond & get the CT-1 . whether he has to submit with AC/DC in the supplier Juridiction or Juridiction of his Merchant Exporter.Please Clarify.
23 April 2008
Merchant Exporter has to submit General Bond & if required Bank Guarantee with his Jurisdiction. Based on General Bond ; Form CT-1 is/are issued by Central Excise authorities in the name of supplier/s from whom you are intending to procure goods.
CAclubindia
