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EXCISE PROCEDURE FOR SALE TO MERCHANT EXPORTER

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..... I would like to know the procedure to be followed by the Central Excise Assessee for clearances of dutiable goods to merchant exporter or another Central Excise assessee within India without payment of Central Excise duty. For e.g. ' A ' is factory located at Pune and 'B' is customer located at Mumbai . 'B' Place an order on 'A' to sale goods to him without charging excise duty beca .....

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..... use 'A' is exporting the same goods to overseas buyer. - Reply By Mangesh Lokre - The Reply = 1. The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter 2. The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufactuere Exporter's Jurisdictional AC. 3. Af .....

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..... ter receipt of the CT-1 and the ARE-1, the manufacturer exproter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter. 4. The ARE-1 distribution is as follows Original + duplicate +Extra Along with the shipment Triplicate + Quadriplicate .....

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..... To the Manufacturer's Jurisdictional Excise Office 5. The Triplicate Copy signed by the excise officer, needs to forward to the Bond Executing authority of the merchant exporter 6. AFter Export, you may call the Self Certified Copies of Proof of Export for Manufacturer Exporters Record. - Reply By Ramaiah Swamy - The Reply = dear anand, I agree with the views express .....

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..... ed by mr. mahesh. To add to those views : You have to convince the merchant exporter to : 1. Obtain RCMC from jurisdictional EPC to get exemption from BG guarantee requirement 2. Execute bond with the ACCE - Bonds at hqrs office designated for the purpose 3. Thereafter obtain CT - 1 certificate 4. Merchant exporter is also required to submit periodical statement of expo .....

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..... rts 5. You may also look at chapter 7 of CBEC manual of supplementary instructions With best wishes, Rangaswamy - EXCISE PROCEDURE FOR SALE TO MERCHANT EXPORTER - Query Started By: - ANAND SHEMBEKAR Dated:- 9-2-2011 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxm .....

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..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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