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TMI BlogOPEN AND TIME BOUND CT-1X X X X Extracts X X X X X X X X Extracts X X X X ..... DEAR EXPERTS, WE ARE MANUFACTURER 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 BALANCE QUANTITY. PL ADVICE. THANKS - Reply By Pradeep Khatri - The Reply = If, less quantity is exported, then, for unutilized quantiy the Merchant Exporter has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... obtain a certificate from the Central Excise 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 NAUDIYAL - The Reply = Sir, What is the maximum time limit for use CT-1 quantity. thanks - Reply By Pradeep Khatri - The Reply = Within Six Months. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By vijay kumar - The Reply = The validity of CT-1 certificate 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 the CT-1 , the merchant exporter has to obtain UNUTILIZED CERTIFICATE from the Range officer of the manufacturer and submit the same t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o his bond accepting authority to account for the entire duty amount involved. - OPEN AND TIME BOUND CT-1 - Query Started By: - RAM NAUDIYAL Dated:- 14-9-2012 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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