kailashrsharma (manager) (24 Points)
25 March 2011WE ARE A MANUFACTURER OF ITEM WHICH ATTRACTS 1% EXCISE FROM 01-03-2011. WE NOW PURCHASED AN ITEM FROM A COMPANY WHICH IS ENJOYING NIL DUTY (SSI EXEMPTION). WE WANT TO EXPORT BOTH THE PRODUCT I.E. MANUFACTURED ITEM + TRADING ITEM (NIL DUTY) AS THE COMPANY FROM WHICH WE PURCHASED IS ENJOYING NIL DUTY SO WHAT IS THE PROCEDURE . SHOULD I HAVE TO FILL ARE-1 FOR BOTH THE PRODUCTS AND HOW TO PREPARE THE EXCISE INVOICE
KINDLY ADVISE
THANK N REGARDS
KAILASH
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 25 March 2011
you have to make ARE-1 of your own goods only, under rule 18 or 19 as the case may be, for the traded portion of goods, u may make ARE1 from the 2nd factory or send it against the invoice raised by the 2nd manufacturer to customs, ( as its exempted no burden of duty lies)
but if ARE-1 procedure is followed, then the 2nd factory would get benefit of not adding the clearence in home consumption.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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