on 05-12-2008 4:32 AM
Hi,
I want to know when will the following forms are used-
ARE1,ARE3,CT1,CT3
Which other forms are used in Export.
Regards,
Rahul
Dear Rahul,
Here you can find the details about ARE1 and ARE3 forms
ARE document
A document, in India, that accompanies exports and deemed exports. The documents ensure that you do not have to pay excise duty on these transactions.
There are two types of ARE documents, ARE-1 and ARE-3.
ARE reference document
A document, in India, that you refer to when you create an ARE document.
You create all AREs using an outgoing excise invoice, which must have the appropriate excise invoice type.
ARE-1 document
A form, in India, that companies have to fill out when they remove excisable goods from their manufacturing plants for export.
The form exempts them from paying excise duty when they remove the goods from their premises.
ARE-3 document
A form, in India, that allows companies to sell otherwise excisable goods from their premises without paying basic excise duty. The buyer of the goods must be in possession of a deemed export license.
The ARE-3 states what goods are being removed and which deemed excise license covers it.
I hope it will help you,
Regards,
Murali.
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