Dear Sir,
A manufacturer exporter export the goods under UT-1 whareas there is no LUT filed to the AC/DC by the manufacturer, but exporter following all procedure like issue of ARE-1 under UT-1, Excise Inv. (duty not charged), and one is also defaulted that ARE-1 doesnt submitted within 24 hr to the juridictional authority. party had received currrency in bank and having proper Bank Realization Certificate (BRC) as per export invoice.
Note: Party is not availing CENVAT facility
What Should we do?
whether firm is liable to penal action?
does export proved once BRC got?
please guide more........