Today we discuss on the CT-1 Form for Export, what are the documents required for the CT-1 , benefits for the CT-1 etc.
Meaning of CT-1
CT-1 is used when goods are exported by the dealer. Dealer can give the CT-1 form to the Manufactorer to save the excise duty.
Documents Requirement for CT -1
- Bond in B1 on Rs 100 stamp paper duly notorised (Equal to duty estimates, Can be made for more than one consignment)
- Bank Guarantee of 25% of Bond amount – not required if RCMC is there
- IEC Code Certificate
- Pan Card Copy
- Electricity Bill/ Telephone Bill
- Central Excise Regn Certificate
- Proprietor photo and address proof
- Self-declaration for no pending excise, Custom and Service Tax dues
- Letter from bank confirming that exporter is having account in their branch
- VAT /CST certificates
- Last 3 years financials if any
- Export purchase order
- RCMC Copy if any
Documents Require for RCMC FIEO (Registration cum membership certificate)
- LIST OF PRODUCT ALONG WITH CH HEADING
- BANK DETAILS
- LETTER HEAD 6 NOS.
Costing for RCMC FIEO
A/C payee CHEQUE ISSUE IN FAVOUR OF “FIEO MUMBAI”. Written in your cheque not over to 8500/-, that is payable each year
Format of B-1 Bonds
GENERAL BOND (SECURITY)
General Bond with security for removal for export of excisable goods without payment of duty for export
|I _________, Proprietor of Maharashtra Industrial Safety Solutions & address at _____.
am held and firmly bound to the President of India (hereinafter called “the President”) in the sum of Rs.________ to be paid to the President of India for which payment will and truly to be made, I jointly and severally bind myself and my respective heirs/ executors/ administrators/ legal representatives/successors and assigns by these presents];
Dated this……………….day of………………..
WHEREAS the above bounden obligor has been permitted to remove from time to time the excisable goods from his registered warehouse/registered factory at _________for export to foreign countries without payment of duty;
The condition of this bond is that if the obligor and his representative shall observe all the provisions of the Central Excise Rules, 2002 and all such amendments thereto as may be issued from time to time to be observed in respect of export of excisable goods to a foreign country or manufacture of goods and export thereof under rule 19;
And shall observe all the provisions of the Central Excise Rules, 2002 or the provisions of other rules made under the Central Excise Act, 1944 (1 of 1944) and all such amendments thereto, as may be issued from time to time so far as they relate to the export of excisable goods without payment of the whole or part of the duty;
And if the relevant and specific goods are duly exported to destination within such time as specified in the Central Excise Rules. 2002 or notifications issued there under and / or if all dues whether excise duty or other lawful charges, which shall be demandable on the goods removed by the obligor(s) without payment of the whole or part of the duty and transported from the place of procurement for export as shown by the Central Excise records, be duly paid into the treasury to the account of the Commissioner of Central Excise along with such interest as may be specified in the said rules / notification within ten days of the date of demand thereof being made in writing by the said Officer of Central Excise, this obligation shall be void.
OTHERWISE and on breach or failure in the performance of any part of this condition, the same shall be in full force and virtue:
Provided always that the liability of the surety hereunder shall not be impaired or discharged by reason of any time being granted or any forbearance, act or omission of the Government (whether with or without the knowledge or the consent of the surety) in respect of or in relation to the obligation and condition to be performed or discharged by the obligor(s) nor shall it be necessary to sue the obligor(s) before suing the surety for amounts hereunder;
I/We further declare that this bond is given under the orders of the Central Government for the performance of enact in which the public are interested.
In these presents the words imposing singular only shall also include the plural and vice versa where the context so requires;
IN THE WITNESS THEREOF these presents have been signed the day hereinbefore written by the obligor(s) and the surety (ies).
R.C.M.C NO._________ Valid Upto____________
Signature(s) of obligor(s).
Accepted by me this______________day of_______________________
(Asst. Commissioner of Central Excise, Bonds, Mumbai
For and on behalf of the President of India)