Ritesh Kumar (Asst Mgr.) (33 Points)
21 May 2012Dear Everybody.
Can you help me on below point:-
We are a trading company and we are purchasing material from interstate for Export only how can we get the exemption of Excise Duty i.e.12.36% using CT- Form and ARE-1 from. and how can we used.
Please advise urgently.
Thanks in Advance
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 21 May 2012
I dont think that ED would be applicable for a assessee carrying on trading business as ED is applicable only to assesses carrying on only manufacturing business on whihc ED is chargeable.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 21 May 2012
I dont think that ED would be applicable for a assessee carrying on trading business as ED is applicable only to assesses carrying on only manufacturing business on whihc ED is chargeable.
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 25 May 2012
You can procure material without payment of duty for export purpose under CT-1. For that purpose you should provide B-1 Bond with Central Exicise range office. After execution of Bond, department will issue CT-1, on that basis you can buy material for export without payment of duty. After export proof of should be submitted to range superintend.
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