Aashish Padol (EXCISE EXECUTIVE) (206 Points)
27 January 2011Dear Experts,
We dispatched the goods under ARE-1 without payment of duty dt. 07/07/2010, but still we have not receive the proof of export of the said consignment. What will happen next ? whether we have to pay the excise duty of the said consignment ?
if yes , then is there any solution for not to pay the excise duty ? pl. help.
Thanks in advance.
Aashish
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 27 January 2011
From where you are going to receive proof of export? You must be knowing whether the goods have been exported or not. If the goods could not be exported within 6 months, and likely to exported after sometime, you can revalidate the ARE-1 for another 6 months.
HS Negi
(Senior Executive- F&A)
(590 Points)
Replied 27 January 2011
Dear Rajesh Sir,
Please define the process of Revalidation of an ARE-1.
Regards
Harendra Singh Negi
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 27 January 2011
Once goods are cleared on ARE-1, it is expected to be exported within 6 months. If export could not be completed in 6 months, further time can be allowed by bond accepting authority, which is called revalidation. Please refer to para 13.6 of Chapter 7 of CBEC Excise Manual for further detail.
soni chauhan
(Service)
(670 Points)
Replied 25 June 2011
If proof of export not received within 6 months then duty foregone on that export shold be debited with interest .
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
