Supply of finished goods against FORMCT1

[Anil Kumar]

Dear Sir,

We are purchasing the finished goods (pharmceuticals) from an manufacturer against Form CT1, we are not availing any duty exemption like advance license etc, can the supplier can avail any kind to duty exemption schemes like advance license against our export.

ANeel

AI Summary

Dispute Over Duty Exemption for Pharmaceutical Exports Under Form CT1: Conflicting Views on Supplier Eligibility A query was raised regarding the purchase of finished pharmaceutical goods from a manufacturer against Form CT1, questioning if the supplier could avail of duty exemption schemes like an advance license for exports. One respondent affirmed that the supplier could benefit if listed as a supporting manufacturer. Another disagreed, stating the supplier cannot benefit if goods are removed under CT-1. A third response supported the first, citing a CBEC Circular that allows suppliers to avail duty exemptions when exporting goods under CT-1.