Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Dispatch of Goods against CT-3

VIPUL BUBNA (MANAGER TAXATION) (119 Points)

16 November 2009

I have to dispatch goods to a 100% EOU unit , against CT-3 Form, whether it will be treated as deemed export? and if yes then whether I shall prepare Excise Invoice under Export Series or Local Series?

Reply
Follow
Share

4 Replies

P.Bashista (Advocate) (367 Points)
Replied 18 November 2009

It is treated as deemed export. It is to be prepared on export series invoice

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

It is not required to prepare export series invoice

you have used daily excise invoice but you pls mentioned A REMARK IN EXCISE INVOICE A EXCISE DUTY NIL AGAINST CT - 3 ---NO DT.

Arun Kumar Singh (GST Advocate) (15220 Points)
Replied 14 January 2010

Supplies to EOU are 'deemed exports'. The supplier is eligible to avail benefits available to 'deemed exports'. Supplier to EOU is not required to pay excise duty on final products supplied to EOU. The EOU unit can procure indigenous material without payment of excise duty. They have to issue CT-3 certificate signed by excise authorities to the supplier. The manufacturer of the indigenous goods is required to follow procedure as per rule 11 (invoicing) and rule 20 (for warehousing) of central excise rules.