Export under CT-1 Bond or UT-1 Bond

[kamal chordia]

What is difference bet'n export under  CT-1 Bond  or  UT-1 Bond

[YAGAY and SUN]

 CT-1 is used for getting the goods from the manufacturer exporter by the merchant exporter for the purpose of export.  And UT-1  is used for exporting the goods by the manufacturer exporter without payment of excise duty or without executing the bonds.

 

 

[Ramesh M]

Manufacturer can export the goods without payment of central excise duty to end user through a Merchant Exporter On CT-1,  if CT-1 not available we can use our own bond to do the same.

[YAGAY and SUN]

This is to clarify that Merchant Exporter cannot utilize UT-1 bond for Export of Goods.

AI Summary

Export bond usage: CT-1 enables merchant exporters to obtain goods for export; UT-1 is reserved for manufacturer exporters. CT-1 is a conveyance instrument enabling a merchant exporter to obtain goods from a manufacturer for export, and manufacturers may use CT-1 or their own bond to dispatch goods to end users through merchant exporters; UT-1 is a bond reserved for manufacturer exporters to export goods without payment of central excise duty, and merchant exporters cannot use UT-1.