Export Goods to sell in domestic market

[prabal mukherjee]

Dear Sir,

We have brought Iron Ore Pellet from X party, of Orissa under ARE-1 and CT-I to West Bengal for export. We have exported almost 90% of the cargo. But due to sudden fall in chinese market the buyer back-out to take the balance cargo and we got stuck with the balance cargo.

We have taken excise registration with a view that if we could sell the cargo in domestic market. We have found one buyer, please advise what is the exact procedure to sell the cargo in domestic market.

Much of help.

Thanks

Prabal Mukherjee

AI Summary

Guidance on Modifying CT-1 Form for Domestic Sale of Imported Iron Ore Pellets After Export Deal Falls Through An individual sought advice on selling iron ore pellets domestically after a buyer backed out due to a market downturn. They had initially imported the goods for export under specific excise regulations. Respondents advised on procedures to modify the CT-1 form, cancel export applications, and pay the necessary excise duty with interest to allow domestic sale. The duty can be paid by either the exporter or vendor. Additional guidance included obtaining a No Objection Certificate (NOC) and ensuring compliance with excise authorities. The individual acknowledged the advice and expressed gratitude.