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

CT-1 procurement and ARE-1 use enable duty-free input dispatch for export, with shipping bill and export proof compliance required. Obtain CT-1 from the jurisdictional Commissioner after executing a General Bond with surety/security and hand CT-1 plus a signed ARE-1 to the supplier; supplier files a copy with Central Excise and may ship directly to port with excise invoice and ARE-1; exporter raises export invoice and packing list and must include manufacturer/supplier on the Shipping Bill. File proof of export and provide acknowledged copy to the supplier. Obtain RCMC to avoid Bank Guarantee for B-1 Bond, apply for factory stuffing permission, and furnish H form for VAT waiver.