Bonds executed by manufacturer exporters with Maritime Commissioner – regarding.
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....une, 2001 as well as Central Excise Manual in relation to the procedure to be followed by the manufacturer exporters and merchant exporters for the purpose of export and to say that the manufacturer exporter has the option to execute a bond with the jurisdictional authorities or Maritime Commissioner or to file a Letter of Undertaking with the jurisdictional authorities. The merchant exporter, how....
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....ocure excisable goods without payment of duty for export by indicating the quantity, value and duty involved therein;". Hence it is the view of the Board that the manufacturer exporters need not obtain CT-I Certificate for the purpose of exports. Accordingly, it is clarified CT-I Certificate has to be obtained only by the merchant exporter and manufacturer exporter need not obtain such certificate....
TaxTMI