What is the procedure for a trader in India to source from the manufacturer(also in India) without excise and supply to an exporter in India against his license(CLE/AEPC)? Exporters are given license fo 3% of the FOB value to import accessories duty free.
Procedure for a trader - Export
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Trader's Guide: Source Goods from Domestic Manufacturers Duty-Free with CT-1 Procedure for Exporter Supply A trader in India inquired about the procedure to source goods from a domestic manufacturer without paying excise duty and supply them to an exporter against a license. The response explained that traders can use the CT-1 procedure, which allows them to procure excisable goods without paying excise duty, facilitating the supply to exporters who hold licenses such as CLE/AEPC. This process supports exporters in importing accessories duty-free, up to 3% of the FOB value. (AI Summary)