Ct-1 form for export
CA SHIVANG SONI (CHARTERED ACCOUNTANT) (266 Points)
05 July 2016CA SHIVANG SONI (CHARTERED ACCOUNTANT) (266 Points)
05 July 2016
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 July 2016
for manufacturer/exporter CT-1 is not a good option insterad he can get UT-1, which is much more simplified and hassle free,
every registered manufacturer can get UT-1,
CT-1 needs B-1 Bond, but UT-1, does not
CT-1 needs to be obtained before every export, while UT-1 does not
CT-1 has limit upto the bond value, but UT-1 is open ended without any celiling
only negative part is , that UT-1 is valid for ONE YEAR, while B-1 Bond is issued for 1 year to four year validity