A SSI unit has registered itself under Central excise, the basic
reason being that it can claim refund of Cenvat on inputs, As its
supplies are mostly to a unit in SEZ.
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> How ever it purchases some items where dealers do not provide
Excise invoice, F.G goods manufactured out of such items are cleared
with out payment of E.D,Even these despatches are for the SEZ unit
only.
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> In both the cases the F.G is cleared with out payment of duty,
however in the first case, CT3 procedure is followed while
despatchin where as in the latter no such procedure is followed...
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> Is this procedure appropriate.Could any one clarify.
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> Thanks & Regs,
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> Ramesh
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the proedure adopted seems to be inadequate in the frst sight but it is the only procedure by whih these types of transaction can be handled.
actually the supplies by the manufacturing co. to the SEZ is the most important part of Queston the supplies to a unit located i n SEZ can make co. mbeneficiary on this point and company can get input of excise credit while furnishing Exisce returns.
So the procedure adopted is quite OK
Rajiv Kumar Singh
CAclubindia
