CT 1 procedures

[Guest]

CT 1 procedures please.

Any effects on Duty draw back or other related to export incentives?

[MUKUND THAKKAR]

Not effected any incentives against export,

CT-1 is nothing but certificate for procurement of exciseable goods without payments of duty for further export..

[KASTURI SETHI]

Rightly explained by Sh.Mukund Thakkar, Sir. I further add that procedure is laid down in Notification No.42/2001-CE(NT) dated 26.6.2001 as amended.(latest amendment vide Notification No.23/15-CE(NT) dated 30.10.15) ANNEXURE-17 prescribed. Procedure from EOU laid down in Notification No.31/2007-CE(NT) dated 2.8.2007 as amended (Latest amendement vide Notification No.15/12-CE(NT) dated 17.3.2012) ANNEXURE 17 A prescribed.

AI Summary

Clarification on CT-1: Certificate for Duty-Free Excisable Goods Procurement for Export, No Impact on Export Incentives. A query regarding CT-1 procedures in Central Excise was raised, questioning its impact on duty drawbacks or export incentives. A respondent clarified that CT-1 is a certificate allowing procurement of excisable goods without duty payment for export purposes, and it does not affect export incentives. Another respondent confirmed this explanation and provided further details, referencing specific notifications outlining the procedures for CT-1 and related processes for Export Oriented Units (EOUs), including amendments to these notifications.