NOTIFICATION NO. 43/2001 DT 26.06.2001 PROCEDURE

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..... NOTIFICATION NO. 43/2001 DT 26.06.2001 PROCEDURE
Query (Issue) Started By: - RAM NAUDIYAL Dated:- 22-9-2012 Last Reply Date:- 28-9-2012 Central Excise
Got 1 Reply
Central Excise
DEAR EXPE .....

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..... RTS, WE ARE REGISTERED AS A MANUFACTURER. CAN WE PURCHASE TRADING GOODS UNDER NOTIFACTION 43/2001 DT. 26.06.2001 WITHOUT PAYMENT OF DUTY AND REMOVE ALONGWITH OUR MANUFACTURING GOODS. THANKS Reply B .....

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..... y vijay kumar: The Reply: Nofn.43/2001 CE(NT) provides for procurement of excisable goods without payment of duty for use in manufacturing and processing of goods meant for export. Since in your case .....

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..... u want to procure the goods in the course of trading, the said notification does not address your transaction. Bringing in trading goods into registered premises is also not permitted. Hence you may .....

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..... opt for Nofn.42/2001 CE(NT) whereby as a merchant exporter you can procure goods without payment of duty (only from a manufacturer) against CT-1, consolidate them with your goods post-removal from the .....

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..... factory (at the port or outside the factory gate) and then export the same.
Discussion Forum - Knowledge Sharing .....

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