Export regarding..
This query is : Resolved
23 September 2012
Dear Experts, Please give a suitable solution.
An Excise registered manufacturer (1) wants to export goods from the premise of another manufacturer(2)as merchant exporter (Gen. Bond & CT-1 method is prescribed). Presently he(1)is not having any bond / UT-1 executed but the manufacturer(2)is having UT-1 executed. The realisation will be received in Indian currency from (1) therefore(2) can't make direct ARE-1. What is the quickest way that export will happen?
An Excise registered manufacturer (1) wants to export goods from the premise of another manufacturer(2)as merchant exporter (Gen. Bond & CT-1 method is prescribed). Presently he(1)is not having any bond / UT-1 executed but the manufacturer(2)is having UT-1 executed. The realisation will be received in Indian currency from (1) therefore(2) can't make direct ARE-1. What is the quickest way that export will happen?
23 September 2012
in this case (1) would be merchant exporter, and have to execute B-1 Bond, and obtain CT-1 in favor of (2)
ARE-1 formalities are same, just a countersign of manufacturer is required, just beside the exporter
There is no bar to pay in indian rupee transaction from (1) to (2)
ARE-1 formalities are same, just a countersign of manufacturer is required, just beside the exporter
There is no bar to pay in indian rupee transaction from (1) to (2)
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
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
