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TMI BlogMERCHANT EXPORT PROCEDUREX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir We are the manufacturer of drilling machines and received an Order for Merchant Export We would like to know the procedures to be followed for Merchant Export 1) What are the documents involved in Merchant Export ? 2) Our India Customer wants the product at very economical rate with nil duties and taxes ? Is it possible to use Advance license for importing goods ? Is there any difference in advance license authorization procedures for Merchant exports ? 3) for Nil CVD and NIL taxes , what are the excise documents to be submitted ? Which documents to be submitted by the Merchant exporter ( our India Customer ) to us ? What are the documents to be submitted by us to the Merchant exporter ? Kindly provide a detailed procedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re for Merchant Export Since we have to complete the export before this month end, Kindly provide details at the earliest P.V.MANIKANTAN - Reply By MUKUND THAKKAR - The Reply = Dear , please go thru the following. 1) What are the documents involved in Merchant Export ? first your merchant export apply to your division office for factory stuffing NOC , if goods move thru containers. if goods are not moving thru container than your merchant exporter issue CT-1 for excise duty exemption.along with ARE-1 duly signed by your merchant exporter. first decided on which way you are exporting ? 2) Our India Customer wants the product at very economical rate with nil duties and taxes ? Is it possible ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to use Advance license for importing goods ? Is there any difference in advance license authorization procedures for Merchant exports ? you can eligible to get the advance authorization in case of Third party export, but insure that as and when export thru merchant exporter , claim your licence number on ARE-1 + shipping bills. 3) for Nil CVD and NIL taxes , what are the excise documents to be submitted ? Which documents to be submitted by the Merchant exporter ( our India Customer ) to us ? What are the documents to be submitted by us to the Merchant exporter ? once you apply for advance Authorization only purchase order from your merchant exporter is req. rest of your application and your relevant documen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is require for getting advance authorization. once you get Advance authorization during the time of import CVD will be NIl, so far is excise concern you get the CT-1 for excise exemption , and Taxes H form will be provided by your merchant exporter. Mukund Thakkar - Reply By Pradeep Khatri - The Reply = Good and very well explained reply. Keep it up and keep replying. - Reply By P.V. MANIKANTAN - The Reply = Dear Sir Thanks for your immediate reply ! We want to clarify more on the below. Kindly provide your valuable suggestions in this regard 1) At what stage , each and every of these documents to be provided ? Who will provide these documents to whom ? Whom do we submit these documents finally ? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Advance License CT-I ARE-1 H-form 2) If factory stuffing, whether CT-I ARE-1 is not required ? 3) While applying for Advance License, shall we have to inform the authority that it is for third party export ? 4) What do you meant by which way you are exporting ? Is it the mode of transport ? NOTE : Whether Government has announced that advance license scheme will be expired from this finance year onwards ? Is there any other scheme available equivalent to Advance license scheme ? With warm regards, P.V.Manikantan - Reply By MUKUND THAKKAR - The Reply = Good and very well explained reply. Keep it up and keep replying. Thanx for appreciation. Mukund Thakkar - Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By P.V. MANIKANTAN - The Reply = Dear Mr.Mukund Thanks for your immediate reply ! We want to clarify more on the below. Kindly provide your valuable suggestions in this regard 1) At what stage , each and every of these documents to be provided ? Who will provide these documents to whom ? Whom do we submit these documents finally ? Advance License CT-I ARE-1 H-form 2) If factory stuffing, whether CT-I ARE-1 is not required ? 3) While applying for Advance License, shall we have to inform the authority that it is for third party export ? 4) What do you meant by which way you are exporting ? Is it the mode of transport ? NOTE : Whether Governme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt has announced that advance license scheme will be expired from this finance year onwards ? Is there any other scheme available equivalent to Advance license scheme ? With warm regards, P.V.Manikantan - Reply By MUKUND THAKKAR - The Reply = 1) At what stage , each and every of these documents to be provided ? Who will provide these documents to whom ? Whom do we submit these documents finally ? Advance License---- Get it from DGFT office if you are not aware how to get it please hire consultant CT-I ---- same will furnished by your Merchant exporter. ARE-1------ same will furnished by your merchant exporter with his signature H-form---- after export given by your merchant expor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter. 2) If factory stuffing, whether CT-I ARE-1 is not required ? in case of factory stuffing or not both the documents is mandatory in case of export thru merchant exporter. 3) While applying for Advance License, shall we have to inform the authority that it is for third party export ? same will be guide your consultant. 4) What do you meant by which way you are exporting ? Is it the mode of transport ? Thru containers or upto CFS or LCL cargo. NOTE : Whether Government has announced that advance license scheme will be expired from this finance year onwards ? Is there any other scheme available equivalent to Advance license scheme ? UP TO DECLARED NEW POLICY . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PLEASE FOLLOW THE POLICY 2009-2014. PLEASE REFER PUBLIC NOTICE NO. 51(RE:2013) 2009-2014 DT 19/02/2014 . Mukund Thakkar - Reply By Naveed S - The Reply = While applying for Advance License, shall we have to inform the authority that it is for third party export ? It is not mandatory to inform as to whether advance license is to be used for direct or third party export, as both such exports are counted towards fulfillment of export.obligation. However, it is to be ensured that your Advance License No. and Date are clearly and specifically mentioned on your Invoice/Packing List as well as on copies of ARE - 1. - MERCHANT EXPORT PROCEDURE - Query Started By: - P.V. MANIKANTAN Dated:- 14-3-2014 Customs - Import - Export - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Customs - SEZ - Got 7 Replies - Customs - 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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