IGNOU : M.COM : IBO 4 : UNIT 5 : Q - 2. What are the documents needed for i) Central Excise Clearance and ii) Securing Inspecting Certificate?

 

Ans. CENTRAL EXCISE CLEARANCE

The Central Excise and Salt Act of India and the related rules provide the refund of excise duty paid. This also provide exemption from the payment of excise duty both on the final export production and input used in the manufacture of export product, popularly known as rebate in excise duty. The documents used are Invoice and AR4/AR5 forms.

As soon as goods are ready for dispatch to the port for shipment, the production department of export firm is to apply to the central excise authority for excise clearance of the goods.

The exporters prepare six copies of AR4lAR5 forms. The exporters are now allowed to remove the goods for export on their own without getting the goods examined or after the examination by the Central Excise Officers. In case of without examination, exporter submits 4 copies of AR4 /AR5 form to the superintendent of Central Excise having Jurisdiction over the premise of the exporter within twenty-four hours of the removal of the consignment. The Superintendent examines the AR4lAR5 form and having being satisfied, signs the form and returns it to the concerned persons.

Sometimes the exporter desires sealing of the goods by the Central Excise Officers so that the custom officers at the port of shipment may not examine the export goods. In such case, the exporter submits AR4/AR5 forms in sixtuplicate to the superintendent of Central Excise ' having jurisdiction over the premises of the exporter. The superintendent may depute an inspector of Central Excise or may himself go for sealing and examination of export cargo. After he is satisfied, he allows the clearance of cargo.