The information provided here is part of Import Export Training online An exporter has two options to claim central excise clearance. They are Export under claim of Rebate of Duty and Export under Bond/Letter of Undertaking Both the merchant exporter and manufacturer exporter can avail of both the above options for clearance of excisable goods. Export Under Claim of Rebate of Duty Under this method, the exporter has to pay excise duty, initially, and can claim refund of excise duty, after exportation of goods to countries except Nepal and Bhutan. However this method involves blockage of finances as the procedure involves time for getting back refund of excise duty. Excise procedure is governed under Rule 12. Where there is balance in Capital Goods Cenvat Credit, it is ideal to use that amount first towards clearance of goods for export. Exporter can request clearance of goods either with examination or without examination by central excise authorities. Once the central excise authorities make examination, customs authorities may not inspect the goods; before giving customs clearance, if they are satisfied that the seals are not broken. If the exporter desires that the goods may not be examined by the customs authorities at the port/airport of shipment, he should apply for clearance under examination. Excise clearance, after examination is also known as excise clearance under seal. Export Under Bond / Export under Letter of Undertaking LOU. Under this method, exporter does not make payment of excise duty. He has to obtain bank guarantee or surety to an amount equivalent to excise duty payable. This is beneficial to the exporter, as finances are not blocked. Once evidence of export is shown, the excise authorities would release the bond. In case of manufacturer-exporter, he can execute undertaking for the amount of excise duty payable instead of submitting Bond. Also read How does CENVAT Credit work? Central excise clearance options CENTRAL EXERCISE CLEARANCE PROCEDURES for Export in India – Part 2 CENTRAL EXERCISE CLEARANCE PROCEDURES for Export in India – Part 1 Procedure for Central Excise Clearance Under Claim of Rebate Have you satisfied with this article about options to claim central excise clearance under exports? Would you like to share your knowledge and experience about this subject - Central excise clearance options against Exports? The above information is a part of Export Import Training online Comment below your thoughts about options under central excise clearance of export materials.
Posts about international trade cauching
CENTRAL EXERCISE CLEARANCE PROCEDURES for Export in India – Part 1
Procedure for Central Excise Clearance Under Claim of Rebate
How many of you know the meaning of Exports and Imports in India?
Export Under Claim of Rebate of Duty
OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS
How to get RCMC from Export Promotion Councils
The role of CBEC - Central Board of Excise and Customs in India
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
Impact of GST on imports in India
Applicable import duty after GST implantation
How to calculate IGST under imports?
Changes in IEC after GST
Linking IEC with GSTIN in customs
Import under EPCG after GST
GST on imports by EOUs and SEZs
Changes of operation of SEZ
Does CVD exists under project imports?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
How to make DA mode of payment safe
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
What is Manifest Hold by US customs on import
What is MET exam in US import customs clearanceinated cargo or Routing order shipment
What is NVOCC? How NVOCC can provide better rate than the main shipping carriers
What is packing credit in export business?
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
What is Provisional Assessment in Import formalities in India?
What is said to contain in Bill of Lading.
What is Said to weigh in Bill of Lading
What is second appraisem*nt of import clearance procedures
What is self assessment in import customs clearance in India?
What is SGS Inspection in Exports and Imports?
What is shipment Advice and what are the contents of shipping advice
What is Shipper Load, stow and count in Bill of Lading
What is Test Report in Import clearance
What is Shut out in export trade
What is swift transfer in import and export trade.
GST exemptions for SME
GST, Composition scheme changes
GST council meet decision as on 06th October, 2017
Minimized GST rate on Biomass briquettes
Reduced GST rate on Parts of power driven pumps designed for water handling
Reduced GST rate on Parts suitable for Speed Diesel Engines of power not exceeding 15HP
Minimized GST rate on Real Zari
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition
Triangular shipment
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
