TaxTMI 
TaxTMI 
Kindly let me know the validity of CT-3 Certificate issued under C.E. Notification 22/2003 dt.31.03.2003.
Validity of CT-3
26 Feb 2014 
4 Replies 
10905 Views Asked by
Validity of CT-3 certificate: limited-term; notify superintendent for continued use; reissue advised when duty rates change.
CT-3 certificates are issued for specific quantity, item and value and are treated in practice as limited-term; continued use may be allowed with intimation to the jurisdictional superintendent if duty rates are unchanged, but if duty rates change it is advisable to short-close the existing CT-3 and issue a fresh one because bond debit and duty calculations are tied to the value and issue-date on the certificate. (AI Summary)
CT-3 certificates are issued for specific quantity, item and value and are treated in practice as limited-term; continued use may be allowed with intimation to the jurisdictional superintendent if duty rates are unchanged, but if duty rates change it is advisable to short-close the existing CT-3 and issue a fresh one because bond debit and duty calculations are tied to the value and issue-date on the certificate. (AI Summary)