DEAR EXPERTS,
CAN A MANUFACTURER SHOULD BE A MERCHANT EXPORTER AND STORE EXCIASABLE GOODS WITHOUT PAYMENT OF DUTY. PL. EXPLAIN PROCEDURE.
THANKS
1 Replies
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 17 September 2012
Sir,
The goods procured under CT-1 certificate should not be brought into any other Central Excise registered premises for any purpose. The goods procured against CT-1 under BOND should cleared under ARE-1 from the factory of manufacture with duly signed by you as a merchant exporter and your supplier as a manufactrer.
Reference notification no 42/2001 CE NT dated 26.06.2001
thankyou
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