CT -1 procedure

[pareshbhai vasava]

Dear Sir,

What is CT -1 and which procedure of the despatch.

Pls advice me.

Regards

Paresh

[YAGAY andSUN]

Dear Pareshbhai,

You would have to get CT-1 form from the Jurisdictional Commissioner/Deputy Commissioner/Asstt. Commissioner as the case may be after executing the General Bond along-with Surety/security and handed over this CT-1 to your supplier with duly signed ARE-1 form to the supplier of the Raw material. Supplier would submit a copy of the CT-1 to their jurisdictional Central Excise Department.

Material may directly be shipped to the port by the supplier as per your instruction along with the supplier's excise invoice and duly filled ARE-1. After that you may raise your export invoice and packing list.

On the Shipping Bill, you would have to incorporate the name of the manufacturer/supplier. You would have to file the proof of export and duly acknowledged copy of the same would be provided to the supplier for his future use.

However, before executing B-1 Bond, it is advisable to get Registration Cum Membership Certificate (RCMC) for your firm, so that u do not have to execute Bank Guarantee for the said Bond.

Also apply for factory stuffing permission for stuffing in containers within factory premises. For waiver of VAT please provide H form to your vendor.

Regards,

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

(Please plant at least 5 sapling every year to protect our environment and Mother Earth)

AI Summary

Guide to CT-1 Procedure: Obtain CT-1 Form, Execute General Bond, Submit ARE-1, and Prepare Export Documents An individual inquired about the CT-1 procedure related to Central Excise. The response detailed that one must obtain the CT-1 form from the relevant Commissioner after executing a General Bond with surety/security. This form, along with a signed ARE-1, is given to the supplier, who submits it to their Central Excise Department. The supplier can then ship materials directly to the port. An export invoice and packing list must be prepared, and the manufacturer's name included on the Shipping Bill. Before executing a B-1 Bond, obtaining an RCMC is advised to avoid a Bank Guarantee. Factory stuffing permission and an H form for VAT waiver are also recommended.