Export without Payment of Duty Part-I, General, Central Excise Act, 1944, the Additional Duties of Excise Act, 1957. Chapter 7 EXPORT WITHOUT PAYMENT OF DUTY Part-I General Introduction 1.1 The conditions and procedure relating to export without payment of duty (i.e. duty under the Central Excise Act, 1944, the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978); and special excise duty collected under a Finance Act) are contained in Notification Nos. 42/2001-Central Excise (N.T.) to 45/2001-Central Excise (N.T.), all dated 26th June, 2001 issued under rule 19 of the Central Excise (No.2) Rules, 2001 (hereinafter referred to as the said Rules). The new rule 19 corresponds to rule 13 of the Central Excise Rules, 1944. 1.2 Some important changes have been introduced under the present procedure, which are mentioned below and explained in detail subsequently: - The concept of furnishing of a ‘Letter of Undertaking’ by a manufacturer-exporter has been introduced. The clearances for export by a manufacturer-exporter will be effected similar to clearances for home consumption after he furnishes Letter of Undertaking. The merchant-exporters are required to file ‘bond’ in specified format. A manufacturer-exporter may also file bond and follow the ‘bond-procedure’ specified in the notification. Under bond procedure, the concept of ‘self-debit’ by the exporter has been introduced. The exporter need not go to the ‘bond-accepting authority for a ‘debit-certificate’ before each removal. The procedure of ‘acceptance of proof of export’ has been simplified. The concept of ‘ Self-credit" based on the copy of A.R.E.1 duly certified by Customs authorities at the place of export is being introduced. In each Commissionerate of Central Excise, there will be an officer designated as ‘Deputy/Assistant Commissioner of Central Excise (Exports)’ whose functions will be similar to the Maritime Commissioners. Number of copies of ‘application for Removal (A.R.E.1)’ has been reduced compared to AR-4. This will be further reduced after completion of computer networking in the Department enabling ‘on-line verification’ of exports. Categories of exports 2.1 There are two categories of export without payment of duty Export of finished goods without payment of duty under bond or undertaking. Export of manufactured/processed goods after procuring raw material without payment of duty under bond.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 02-05-2024 Record GST mop-up reflects robust eco, audit efficacy; raises hope for further reforms: Experts Date: 02-05-2024 2G scam case: D Subbarao's new book calls into question CAG's version of 'presumptive loss' Date: 02-05-2024 For Japan Inc, the weak yen may be too much of a good thing Date: 01-05-2024 IMF flags a common link between India and China's growth stories as it revises Asia outlook Date: 01-05-2024 India's infrastructure output slows down to 5.2% in March as against 7.1% in Feb Read more at: htt Date: 30-04-2024 RBI announces launch of 'inflation expectations' and 'consumer confidence' surveys for monetary poli Date: 30-04-2024 Indian economy on upward trajectory: NCAER's cites favorable above-normal monsoon forecast Date: 30-04-2024 India's cash withdrawals from ATMs increase by 5.51% in FY24, CMS Infosystems report shows Date: 30-04-2024 India growth may top 7% in FY25: NCAER Date: 26-04-2024 REC Ltd secures Japanese green loan of Rs 3,200 crore What is New? Date: 18-04-2024 Notification No. 30/2024 - Customs (N.T.) Exchange Rate Notification No. 30/2024-Cus (NT) dated 18.04.2024-reg. Date: 12-04-2024 NOTIFICATION No. 09/2024 – CENTRAL TAX Seeks to extend the due date for filing of FORM GSTR-1, for the month of March 2024 Date: 10-04-2024 NOTIFICATION No. 08/2024- Central Tax Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024 Date: 08-04-2024 Notification No 07/2024 – Central Tax Seeks to provide waiver of interest for specified registered persons for specified tax periods Date: 04-04-2024 Notification No. 27/2024 - Customs (N.T.) Exchange Rate Notification No. 27/2024-Cus (NT) dated 04.04.2024-reg Date: 26-03-2024 Notification No. 24/2024 - Customs (N.T.) Exchange Rate Notification No. 24/2024-Cus (NT) dated 26.03.2024-reg Date: 14-03-2024 NOTIFICATION No. 17/2024-Customs Seeks to amend notification No. 57/2017-Customs dated 30.06.2017 so as to modify BCD rates on certain smart wearable devices. Date: 12-03-2024 NOTIFICATION No. 15/2024-Customs Seeks to amend specific tariff items in Chapter 90 of the 1st schedule of Customs Tariff Act, 1975. Date: 12-03-2024 NOTIFICATION No. 16/2024-Customs Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts of medical X-ray machines. Date: 07-03-2024 Notification No. 18/2024 - Customs (N.T.) Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024-reg
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