NOTIFICATION NO. 43/2001 DT 26.06.2001 PROCEDURE

[RAM SHARMA]

DEAR EXPERTS,

WE ARE REGISTERED AS A MANUFACTURER. CAN WE PURCHASE TRADING GOODS UNDER NOTIFACTION 43/2001 DT. 26.06.2001 WITHOUT PAYMENT OF DUTY AND REMOVE ALONGWITH OUR MANUFACTURING GOODS.

THANKS

AI Summary

Manufacturer's Duty-Free Inquiry: Notification 43/2001 Covers Exports, Not Trading; Use Notification 42/2001 for Merchant Exporters. A manufacturer inquired about purchasing trading goods without paying duty under Notification 43/2001 and removing them with their manufactured goods. The response clarified that Notification 43/2001 allows duty-free procurement for manufacturing goods for export, not for trading. Trading goods cannot be brought into registered premises. Instead, Notification 42/2001 allows merchant exporters to procure goods without duty from manufacturers using CT-1, consolidate them post-removal, and export them.