TMI BlogCredit - Debit procedure of CT-3 in a 100% EOU unitX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, Pls clarify the Credit - Debit procedure of CT-3 in a 100% EOU unit. Anand - Reply By anand rama rao - The Reply = Dear Experts, Pls clarify the Credit - Debit procedure of CT-3 in b-17 bond in a 100% EOU unit. Anand - Reply By PAWAN KUMAR - The Reply = Dear Sir, As per my view, B-17 bond is executed in EOU for all the transaction i.e. import and export. On the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... basis of CT-3 certificate an EOU may procure the indigenous goods duty free from the domestic market. When the goods procured, debit the amount of duty as indicated in the invoice into bond-17 and credit the same if the goods are issued for use into manufacture of final products from the bonded store. - Reply By Pradeep Khatri - The Reply = Dear Anand, The EOU/EHTP/STP/BTP unit can procure ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... igenous material without payment of Central Excise Duty. They have to issue CT-3 certificate singed by excise authorities to the supplier. The manufacturer of the indigenous goods (i.e. Supplier) is required to follow procedure as per Rule 11 (for invoicing) and Rule 20 (warehousing) of Central Excise Rules. B-17 Bond is all purpose bond covering liability both of Central Excise and Customs. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assesse should maintain running bond account of B-17. In the account, of duty payable on goods procured (imported under Bill of Entry or indigenous supply under CT-3) will be debited and correspondence duty will be credited when corresponding goods are exported or re-warehousing certificate will be issued after goods are warehoused. This is for your kind information. Regards Team YAGAY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and SUN (Management and Indirect Tax Consultants) - Credit - Debit procedure of CT-3 in a 100% EOU unit - Query Started By: - anand rama rao Dated:- 7-8-2014 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
