I as a merchant exporter wants to issue CT-1 to manufacturer. I already dispatch my 1st consignment; now I am ready for my second batch; can I again issue surety Bond for issue of CT-1 for balance amount of contract?
sumant (service) (31 Points)
28 March 2016I as a merchant exporter wants to issue CT-1 to manufacturer. I already dispatch my 1st consignment; now I am ready for my second batch; can I again issue surety Bond for issue of CT-1 for balance amount of contract?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 30 March 2016
if B-1 has balance , after adjustment of CT-1 already issued, then no need for fresh surity, you can approach the bond authority for another CT-1 from balance
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