Clearance against Procurement Certificate

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Girish (Querist)
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04 September 2009 Dear Sir,

We are a 100% Export Oriented Unit One of our customers who is 100% EOU has issued Procurement Certificate instead of CT 3 can we clear the said goods against Procurement certificate without charging Duty.

CH.LN.Sastry,MCom, LLB, M.Phil

CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
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05 September 2009 If the goods imported (duty free) by you then you can clear the goods against the procurement certificate (in bond transfer).

If the goods manufactured by your unit then you have to obtain CT-3.

Girish

Girish (Querist)
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07 September 2009 From your reply, I understand that if we procure goods (imported or indigineous) duty free and process the said goods it can be cleared against procurement certificate, please correct me if I am wrong.

Regards
Girish

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CH.LN.Sastry,MCom, LLB, M.Phil

CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
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07 September 2009 You have to obtain CT-3 to clear the goods to another EOU.

if you procured any imported material duty freely then you can clear the same to another 100%EOU against procurement certificate (in bond transfer).

If you want to clear the final product against nil rate duty you have to obtain CT-3.

Procurement Certificate - to procure duty free imports.
CT-3 - procurement of duty free Indigenous goods.

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