TMI BlogSSI UNIT NEED TO GENERATE BOND FOR EXPORT AT NEPALX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, My query is our is a SSI unit having our turnover under the exemption limit i.e. 1.5 CR. Now we required to export our material to Nepal without payment of duty. So can we export the same without giving any bond. Because its Assessable Value will be included in 1.5Cr. Exemption. as per SSI Notification. - Reply By Arun Kumar Singh - The Reply = The export goods will not be clubbed for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purpose of SSI exemption. - Reply By PAWAN KUMAR - The Reply = Dear Sir, As per my view, You are working under SSI. The goods which you are planning for export to Nepal is excisable goods. The notification No.45/2001-C.E.(N.T.) Dated 26.06.2001(amended) export of goods to Nepal under Bond which specified some procedure for export. The subject procedure required execution of bond if goods a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re exported without payment of duty to Nepal. Therefore bond is to be executed. The value of these export shall be include in the value determining 1.5 Crore exemption as the exported goods are not exempted goods. - Reply By Rajagopalan Ranganathan - The Reply = Dear Shri. Pandya, Please see Part III of Chapter 7 of CBEC manual of instructions for detailed procedure to be followed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in respect of export by exempted unit. Since the volume of the procedure is huge I am not able to copy and paste the same here. This can be accessed in tmi web site itself. - Reply By Mehul Pandya - The Reply = Sir, I got below reference and on the basis of the same I do not required to get bond from the authority vide Notification No. No.42/2001-CE (NT) Dated 26/06/2001 read with notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion no. 26/2011 CE(NT) dated 05/12/2011 w.e.f. 1.3.2011 and Circular No. 928/18/2010 - CX Dtd. 28.06.2010 . Thank you - SSI UNIT NEED TO GENERATE BOND FOR EXPORT AT NEPAL - Query Started By: - Mehul Pandya Dated:- 1-11-2014 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
