When manufracturer is entield to service tax credit in respect of transport of goods by road
OFFICESELVA
(Service)
(515 Points)
Replied 25 May 2008
From 01/03/2008 onward, there is no question of availing cenvat credit on GTA.
OFFICESELVA
(Service)
(515 Points)
Replied 13 July 2008
Yes. Mention CT1 No. and date also in the invoice.
Vijay K. Agrawal
(Service)
(608 Points)
Replied 14 July 2008
Originally posted by :OFFICESELVA | ||
" | you have to written the CT 1 No. on the invoice and the amount of duty foregone. | " |
Dear Sir,
we have obtained IEC and FIEO registration. we would like to merchant export business. We are not excise registered. We have obtained the export order from cyprus to export stainless steel iems. We will purchase stainless steel semi finished material with excise duty payment. we will then process it from another manufacturing unit. what will be excise procedure for export ? . can we make excise duty payment and ask for rebate. Or can with execute any bond ( pls specify ) and export without making of excise duty payment and submit proof of shipment and cancell the bond.
Sir, We request you to guide us on ths issue.
Thanks & regards
sagar patkar
RAKESH KUMAR
(Excise Officer)
(33 Points)
Replied 19 September 2012
Please also tell me how CT-1 Bond work?
Would you pl. tell me the procedure of the CT-1 & CT-2, whether in case of the CT-1 the Form ARE1 is required or not. And in which case the CT-2 comes under activity.
pramod vials mane
(H R Manager and Excise Export)
(23 Points)
Replied 13 October 2012
Sir,
Manufacturer can issue CT-1 form on behalf of Merchant Exporter ?
Thanks
Pramod
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 13 October 2012
Originally posted by : pramod vials mane | ||
Sir, Manufacturer can issue CT-1 form on behalf of Merchant Exporter ? Thanks Pramod |
NO
B-1 Bond and CT-1 is the responsibility of exporter, manufacturer has to execute the clearance against such CT-1 under supervision of his range officer under ARE-1 cover issued by exporter.
if the export is executed by manufacturer himself i.e manufacturer exporter, then he has option to execute B-1/CT-1 or in consolidated mode, LUT,
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 14 October 2012
Originally posted by : Rakesh Kumar Rana | ||
Please also tell me how CT-1 Bond work? Would you pl. tell me the procedure of the CT-1 & CT-2, whether in case of the CT-1 the Form ARE1 is required or not. And in which case the CT-2 comes under activity. |
CT-1/2 is the credit transfer instrument obtained by exporter from the excise, in favor of the manufacturer.
ARE-1 is master document , under which duty rebate can be claimed, or goods can be cleared under CT-1/2 .on without payment of duty.