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TMI Blogclarification of accounting for ct-1 salesX X X X Extracts X X X X X X X X Extracts X X X X ..... dear experts, we are manufacturer and also exports the goods, apart from we are selling the goods to the merchant exporters under CT-1 sales now query comes under accounting treatment.. 1) if i sales to our merchant exporter against taking CT-1 in this case we (manufacturer) filed ER-1 and shows under Export CT-1 clearance but how to treat this sales under accounting ...this sales will be treate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d under export sales or domestic sales or deemed export ....? 2) same reverse case merchant exporter procuring the goods against CT-1 from manufacturer and same goods export so this sales will be treated under which head? pls. clarify this issue ..... regards, Manan PANDYA Cell : 9510018659 - Reply By Naveed S - The Reply = The answer to both your above queries is that such sales shall be t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reated as export sales. - Reply By manan pandya - The Reply = sir, export sales for manufacturer as well as merchant exporter both party will show their sales in balance sheet under export sales group? but foreign currency will be received by merchant exporter then ? still i am getting confusion... pls. clarify sir.. regards, Manan Pandya - Reply By Pradeep Khatri - The Reply = Dear Man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an, For Manufacturer exporter it is sales during the exports and for Merchant exporter it is export sales. Proof of export would be submitted by the Merchant Exporter. Manufacturer exporter would be benefited for not charging the C.E. Duties as well as non charging of VAT/CST on the strength of form H. Where as Merchant exporter can get the benefits of export promotions schemes on the submissio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of NOC from Manufacturer Exporter to Merchant Exporter. For Both the parties it is Deemed Export and Export. Regards, Sameer Malhotra - Consultant YAGAY and SUN - Management, Business and Indirect Tax Consultants - Reply By Naveed S - The Reply = Sir, thanks for the reply. hope the query is resolved - clarification of accounting for ct-1 sales - Query Started By: - man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an pandya Dated:- 22-1-2015 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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