Removal of Goods at concessional Rate of Duty

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..... Removal of Goods at concessional Rate of Duty
Query (Issue) Started By: - NANDA H.L. Dated:- 13-8-2014 Last Reply Date:- 13-8-2014 Central Excise
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Central Excise
Sir/MadamOur customer executed the bond vide Notification No.43/2001 of Central Excise(NT) dt. 26th June 2001. Issued Annexure 45. We need to remove the goods at Excise duty at NIL. My query, 1. Is this similiar .....

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..... to CT-3 procudure? Goods to be moved against ARE3?2.We need take permission from our Range? OR only we need to intimate?3. Are we eligible to take credit on my inputsand Capital GoodsPlease Suggest Reply By Rajagopalan Ranganathan: The Reply: Sir Please see the Part Vi of Chapter 7 of CBEC's Central Excise Manual,2005 for detailed procedure for your purpose. This manual is available on li .....

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..... ne in the following web site of CBEC-www.cbec.gov.in. Regarding availment of CENVAT credit excisable goods cleared wuthout payment of duty under Notification No. 43/2001 is mentioned under rule 6 (6) of Cenvat Credit Rules, 2004. Therefore if the excisable goods are cleared without payment of duty under the above mentioned Notification you have reverse the credit availed on the inputs contained .....

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..... in such excisable goods. Reply By Naveed S: The Reply: The answers to your query are as under :- 1) Yes 2) Yes 3) Intimation. However, the consignor shall send quadruplicate copy of the application to the Superintendent-in-charge of his factory or warehouse within twenty-four hours of removal of the consignment. 4) Yes.
Discussion Forum - Knowledge Sharing .....

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