CT-1 requirement for buying from excise exempted unit
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....T-1 requirement for buying from excise exempted unit<br> Query (Issue) Started By: - krut dhroov Dated:- 10-5-2016 Last Reply Date:- 10-5-2016 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear....
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.... All, If i want to buy material for exports from a unit which is registered with central excise but exempted from central excise under SSI registration for a small period of the financial year till i....
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....t reaches the stipulated exemption turnover limit of ₹ 1.5 Cr, Do i have to give a ARE-1 & CT-1? As there is no excise benefit which the seller can pass on, I doubt that there is a need to provi....
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....de them with a CT-1. Further for the benefit of the unit we provide Form H to them so they can get a deduction of our invoice amounts from their total turnover to enjoy the exemption for a prolonged p....
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....eriod. Isn't a Form H enough to get that deduction? Reply By KASTURI SETHI: The Reply: SSI units which are exempted from Central Excise duty on account of their turnover below prescribed limit, ....
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....do not have to follow ARE-I and bond procedure. In this context Board's circular no.648/39/2002-CX dated 25.7.2002 is appended below:- SSI Units export - Proof of export - Clarifications Circula....
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....r No. 648/39/2002-CX., dated 25-7-2002 Reply By Ganeshan Kalyani: The Reply: Sir very relevant and apt reference is given by Sri Kasturi Sir. It enriched my knowledge. The querist got his reply. Tha....
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....nks.<br> Discussion Forum - Knowledge Sharing ....