TaxTMI 
TaxTMI 
OPEN AND TIME BOUND CT-1
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....PEN AND TIME BOUND CT-1<br> Query (Issue) Started By: - RAM NAUDIYAL Dated:- 14-9-2012 Last Reply Date:- 17-9-2012 Central Excise<br>Got 4 Replies<br>Central Excise<br>DEAR EXPERTS, WE ARE MANUFACTUR....
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....ER AND WANT TO SALE CT-1. WE HAVE NOT FIXED QUANTY ORDER.CAN WE ISSUE CT-1 WITH PROJECTION BASE QUANTITY OR BLANK QUANTITY FROM THE EXCISE DEPARTMENT. WHAT IS THE LEGAL OBLIGATION TO CANCEL THE BALANC....
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....E QUANTITY. PL ADVICE. THANKS Reply By Pradeep Khatri: The Reply: If, less quantity is exported, then, for unutilized quantiy the Merchant Exporter has obtain a certificate from the Central Excise ....
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....Department to square it off and in the case of excess quantity is exported against the quantity mentioned in the CT-1, then, Central Excise Duty will be paid by Merchant Exporter. Reply By RAM NAUDIY....
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....AL: The Reply: Sir, What is the maximum time limit for use CT-1 quantity. thanks Reply By Pradeep Khatri: The Reply: Within Six Months. Reply By vijay kumar: The Reply: The validity of CT-1 ce....
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....rtificate is one year (as per the format contained in CBEC website), but often officers are issuing the CT-1 are specifying lesser time limit. Where less quantity is exported within the validity of th....
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....e CT-1, the merchant exporter has to obtain UNUTILIZED CERTIFICATE from the Range officer of the manufacturer and submit the same to his bond accepting authority to account for the entire duty amount ....
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....involved.<br> Discussion Forum - Knowledge Sharing ....