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MERCHANT EXPORTER CONDITION

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..... MERCHANT EXPORTER CONDITION
Query (Issue) Started By: - RAM NAUDIYAL Dated:- 23-8-2012 Last Reply Date:- 28-8-2012 Central Excise
Got 3 Replies
Central Excise
DEAR EXPERTS, OUR COMPANY IS A MANUFACTURING EXPORTER COMPANY NOW WE WANT TO BECOME A MERCHANT EXPORTER. HOW WE CAN BECOME A MERCHANT EXPORTER. PL ADVICE. THANKS Reply By Pradeep Khatri: The Reply: First of all you would hav .....

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..... e to seek amendment in the IEC (i.e. Importer and Exporter Code) through the Jurisdictional DGFT's office that you are willing to operate as manufacturer exporter as well as merchant exporter. Rs. 1000/ - is payable as fees. In VAT/CST/Entry Tax registration certificates amendment is also mandatory. For procuring of goods without payment of duty from the manufacturer exporter, General Bond B-1 w .....

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..... ith security or surity as the case may be filed to the Jurisdictional DC/Commissionerate. CT-1 should be sent to the manufacturer exporter. In the shipping Bill name of the manufacturer exporter should be displayed. ARE-1 form will be singed by Manufacturer Exporter as well as by the Merchant Exporter. Reply By RAM NAUDIYAL: The Reply: If Merchant Exporter want to stuffing the containor in own p .....

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..... remises then what will be the ARE-1 procedure and which value mention in ARE-1 whether it is Manufacturer value or Merchant Exporter value. Pl advice. Reply By Pradeep Khatri: The Reply: You would have one time permission from Customs department (NOC from Central Excise department that they do not have any objection to depute their staff to supervise the stuffing of container in Merchant Exporte .....

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..... r's permises) for stuffing the container in your premises. Prior intimation to the department for stuffing of container should be provided. On the ARE-1 you would have to mention you invoice value and duty amount should be as per manufacturer's invoice alongwith bond no and CT-1 No.
Discussion Forum - Knowledge Sharing .....

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