Dear all,
one party (A manufacturer exporter) namely X wishes to export goods as merchant exporter. he wishes to procure goods from various parties , collect them in his factory premises and then get stuffed them in a container. Thereafter wishes to get it sealed by the central excise officer and then export it. The party X will send CT-1 to the concerned Range office of the manufacturer.
Now in this connection the question is
(i) Who will sign the ARE-1, The original manufacturer only or the party X only or both
(ii) What will be the value in ARE-1, the assessable value of the original manufacturer, or the FOB value declared by the party X.
An early reply please.
Regards
Neraj Kumar
Clarification on ARE-1 Form: Both Merchant Exporter and Original Manufacturer Must Sign; Value Aligns with Manufacturer's Contract. A manufacturer exporter, referred to as X, plans to export goods as a merchant exporter by procuring items from various sources, assembling them at their factory, and then sealing them for export with a central excise officer's oversight. X will send CT-1 to the manufacturer's range office. The queries are about who should sign the ARE-1 form and what value should be declared. Responses clarify that the ARE-1 should be signed by both the merchant exporter and the original manufacturer, and the assessable value should align with the original manufacturer's contract, with the duty amount reflected in CT-1. (AI Summary)
TaxTMI 
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