Procedure - buying local goods and then exporting

[madhavvan n]

a company has trading regn under excise it wants to buy some local goods and then export what is the procedure to be followed under excise / customs

AI Summary

Company Exporting Local Goods: Follow Merchant Exporter Procedure with CT-1 Certificate or Claim Duty Drawback/DEPB. A company with a trading registration under excise wants to buy local goods for export. The procedure depends on whether the company procures the goods without paying central excise. If so, it must follow the merchant exporter procedure, which involves obtaining a CT-1 certificate and furnishing a bond. If the goods are procured with excise duty paid, the company can claim duty drawback or DEPB at the prescribed rate or have them fixed according to the Foreign Trade Policy.