A. Kiran Kumar (Manager - Indirext Taxation) (156 Points)
10 June 2009Dear Sirs
Merchant Exporter has to procure excisable goods under CT-1 Certificate without payment of duy meant for direct (phisical) export.
But what is the procedure when he intend to supply excisable goods to SEZ unit. Kindly clarify my doubt whether "supply to SEZ" has to be treated as phisical export for procuring the excisable goods through CT-1 certificate. or any other procedure.
Thanks in advance.
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 11 June 2009
Yes. Goods can be procured from a manufacturing unit for supply to SEZ on CT-1. The ARE-1 procedure will apply in the same manner as it applies to physical export.
A. Kiran Kumar
(Manager - Indirext Taxation)
(156 Points)
Replied 11 June 2009
Dear Rajesh Sir,
Thank you so much for your reply.
Rekha Chandra
(CS)
(32 Points)
Replied 07 October 2010
Dear Sir,
What compliances a Merchant Exporter have to carry in respect of FEMA.
Thanks in advance
Ritesh
(Commercial Executive)
(53 Points)
Replied 10 August 2015
Dear Sir,
If the name of the merchant exporter and SEZ Unit are the same then can it is considered as inter company transation or cosidered as seperate? SEZ Unit will made payments to the merchant exporter in Foreign Currency and then claim the drawback amount.
Please cofirm with any cirucul or notification.
Regards,
Ritesh Dave
CAclubindia
