One of our client is a manufacturer, and has exported certain goods through a merchant exporter without obtaining CT-1 from them. The said exports were made by merchant exporter using our clients' advance license. The Excise range of the both persons is same.
Now our client is exporting same type of goods through the merchant exporter by using its own Bond.
So pls clarify whether it is required to get CT-1 from Merchant Exporter, for this transaction.
Also clarify what are the outcomes of the previous transactions.
Thanks for your valuable suggetions / clarifications.
20 February 2014
Under the advance license you should fulfilled the export obligation and you can sale the goods without payment of duty for export under CT-1 to merchant exporter. You can not sale the goods to merchant exporter under advance license.
CAclubindia
