Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Merchant exporter - How to avoid Excise duty and tax

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Merchant exporter - How to avoid Excise duty and tax
Query (Issue) Started By: - Ragul Mohan Dated:- 6-11-2014 Last Reply Date:- 7-11-2014 Central Excise
Got 3 Replies
Central Excise
Dear Sir/ Madam, I have my first export order and I don't get proper response from tax dept people regarding how I can avoid paying excise duty and taxes to manufacturers/ suppliers. I will be buyin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g chemicals from Indian manufacturers/ supplier and send it to African continent. Please advise how I can avoid the excise duty (12%) and tax (5%) levied by manufacturer or supplier. Thanks Ragul Reply By DIPAK K: The Reply: Dear sir, at first take a registration under central excise or service tax. Then, execute a bond with the maritime commissioner. Get CT-1 from jurisdictional Rang .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e. Now you can export the goods without payment of duty from the premises of manufacturer on the basis of CT-1. Alternatively you can export on the basis of bond and CT-1 of your manufacturer-supplier. For detailed procedure refer notification 42/2001-CE(NT), chapter 7and 14 of cbec manual. Reply By Subramanya Rayaprol: The Reply: Dear sir, apply for CT-1 from the maritime commissioner where th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e manufacturer is located, and give it to the manufacturer from where you want to procure goods for export. the manufacturer will clear the goods without payment of excise duty. after completion of export, you can submit the proof of export to the maritime commissioner. regards r.subramanya, advocate subramanya law company Reply By DIPAK K: The Reply: Respected Sir, The CT-1 are to be issued .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... from the Jurisdictional Range of Merchant exporter/manufacturer exporter who has executed the bond. One Copy of issued CT-1 is sent to the manufacturer supplier along with the ARE-1 of Merchant Exporter and one copy of CT-1 to his Jurisdictional Range Office. The manufacturer supplier can export the goods without payment of duty either under self-sealing or under supervision of Jurisdictional Ran .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ge office. After the export of goods, It is responsibility of the Merchant exporter/manufacturer exporter who has executed the bond to submit the Proof of export to the Maritime Commissioner.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates