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What is Ct-3?

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(Querist)
29 September 2009
What is Ct-3?
does non filing of CT-3 attracts interest & penalty. what is penalty & int rate fro 2009-10
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CH.LN.Sastry,MCom, LLB, M.Phil

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CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
29 September 2009 CT-3 is for procuring goods without payment of duty for 100% EOU Units.

No meaning of filing of CT-3. Your question itself is wrong one.
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Deepesh Poojari

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Deepesh Poojari (Querist)
29 September 2009
Dear Sastry
but person supplying goods has to recive cT-3 & has to submit it to excise officials failing which whther int & penalty is attracted at what rate?

Thannks
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Rajesh Kumar

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Rajesh Kumar (Expert)
30 September 2009 Delayed submission will attract residual penalty under Rule 27 of Central Excise Rules

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