Procurement without duty against CT1

[narendra arora]

Respected Sirs

incase of material procure against CT-1, please let me know :

1. Can I bring material to my premises ?

2. Can I proure in a big lot and export to different-different overseas buyer ?

3.  Is Counter signature of manufactuer on ARE-1 is mandatory ?

Please reply at earliest.

Thanks

NArendra arora 

[Mahir S]

1. YES

2. YES

3. YES

 

[PAWAN KUMAR]

yes i agree with the views of Mr.Naveed.

[narendra arora]

Dear Sirs,

I am Merchant Exporter and execute a Bond with Excise Department.

Please advise :

1 Who will prepare ARE1 - Manufacturer or Exporter ?

2. What amount to be filled in Coln. No. 7 of ARE-1 i.e. Value

3. What amount to be filled in Coln. No. 9 of ARE-1 i.e. Duty Amount 

Please spare some time for me and reply earliest.

Thanks

Narendra Arora

[PAWAN KUMAR]

1.Manufacturer will prepare ARE-1

2.Assessable value of goods.

3.Excise Duty Involved. 

[Mahir S]

Yes i agree with the views of Mr.Pawan Kumar ji.

AI Summary

Procurement under CT-1 permits bringing goods to premises and bulk purchase for export under ARE-1. Procurement under CT-1 allows a merchant exporter under bond to bring materials to premises and procure in bulk for export; export is effected through ARE-1 which must be prepared and counter signed by the manufacturer, recording assessable value and the excise duty chargeable.