Procedure - buying local goods and then exporting

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....rocedure - buying local goods and then exporting<br> Query (Issue) Started By: - madhavvan n Dated:- 30-7-2009 Last Reply Date:- 30-7-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>a company ....

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....has trading regn under excise it wants to buy some local goods and then export what is the procedure to be followed under excise / customs Reply By Surender Gupta: The Reply: Whether that company wis....

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....h to procure that material without payment of central excise from the supplier of that material. In that case the procedure prescribed for merchant exporter (i.e. procurement against CT-1 certificate ....

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....after furnishing of bond etc.) would be required to be followed. But in case, material is procured on payment of duty of excise without following the prescribed procedure, that company would claim dut....

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....y drawback or depb as prescribed rate or get them fixed as per the Foreign Trade Policy.<br> Discussion Forum - Knowledge Sharing ....