deemed exports

[Former Member]

what is ct- 1 license when it is used can u send me the process of deemed exports process

[Lakshmipathi]

Dear santhosh

For manufacturing and exporting products from SEZ, if you procure components from excise registered vendors, they are exempted from paying excise duty. In turn, the exporter has to maintain a register which is nothing but CT-1 in which the procurement details like quantity and value will be maintained and furnished to excise authorities. Friends correct me if I am wrong :((.

With regard to deemed export process, please go through the link

[EXIM Guide|http://exim.locateindia.com/foreign-trade-policy/deemed-exports.html]

Thanks

G. Lakshmipathi