30 June 2015
CT3 form is issued by Customs & Excise officials to units under STPI and 100% EOU units to procure Indigenous Capital Goods locally without central excise duty.
STPI or EOU units can apply with pro forma invoice of supplier along with green card issued by STPI/EOU with customs and central excise jurisdiction where units are located. Once after verifying the said documents necessary approval to issue CT3 form is ordered by customs officials. After necessary entry in the records of customs and central excise, CT3 form is issued in triplicate. A copy of ct3 is filed in the records of customs and central excise. Two copies of originals deliver to the STPI or EOU units.
The EOU or STPI unit once after obtaining the said CT3, one original is sent to the manufacturer of indigenous goods along with the purchase order. Once after obtaining the said CT3 from buyer, the supplier (manufacturer) supplies goods as per purchase order to the unit without charging central excise duty.
After obtaining such original CT3 , the supplier moves goods to buyer. Once after movement of such goods, the said original CT3 is surrendered within the jurisdiction of supplier’s customs and central excise to avail central excise duty exemption benefit.
in view of above amend the correction for better future of you and your company....