what is certificate of procurement and what is the necessity of PC

[raj nadh]

Dear Experts,

Pls clarify what is certificate of procurement and what is the necessity of PC in EOU.

[YAGAY and SUN]

Dear Anand,

It is a certificate which is issued to the EOU by the jurisdictional Central Excise/Customs Authorities for procurement of goods either from DTA units under CT-3 form or imported through another country.

Regards

Team YAGAY & SUN

AI Summary

Certificate of Procurement enables EOUs to source goods from domestic or foreign channels under customs authorization.
Certificate of Procurement is issued by jurisdictional Central Excise or Customs authorities to an Export Oriented Unit to authorize procurement of goods from Domestic Tariff Area suppliers under CT-3 or by importing through another country; the Procurement Certificate (PC) is the administrative authorization necessary to regularize these procurement routes under customs/excise rules.