Need CT 1 BOND in 4 Days.

[Darshit Patel]

Dear sir I am Darshit Patel from MANYA IMPEX Ahmedabad, Gujarat we are Murchant Exporter we have one Export order right now and going to buy goods in Exciseable Unit Company. He want CT-1 form for Exice Claim.

We have less time for shipment we want shipment in next week. Can it possible we take local bill with including tax and exice nd after shipment claim ??? That claim is possible after shipment ??? That rebat is possible after shipment ???

[Rajagopalan Ranganathan]

Sir,

You obtain the goods on payment of duty and export the same under claim of rebate. There is no bar for such procedure. Please go through Chapter 8 of CBEC manual of Departmental Instructions available in http://www.cbec.gov.in

[Suryanarayana Sathineni]

Dear Friend,

If you approach your jurisdictional Maritime Commissioner and explain the situation, you may get the Bond executed and use the same for procurement of goods for export under CT1 from the manufacturer. It all depends on your liasion and influencing capabilities.

As an alternative, you can also procure the goods on payment of duty and claim for rebate under Rule 18 as stated by Shri. Govindarajan sir.

However, since you are a Merchant exporter, claiming rebate should be in terma of Board circular No. 294/97-CX dated 25.01.1997 which is little cumbersome and difficult to get the rebate

Best Regards

Suryanarayana

AI Summary

CT-1 bond procurement can enable duty-free procurement for export; otherwise purchase on payment and claim rebate under the rebate rule. A merchant exporter may either obtain a CT-1 bond from the jurisdictional Commissioner to procure goods duty-free for export, subject to the Commissioner's discretion, or procure goods on payment of duty and later claim rebate under the rebate rules; merchant exporters encounter additional procedural requirements under board circular guidance that make the rebate option more cumbersome.