TaxTMI 
TaxTMI 
Dear Experts,
Pls clarify the Credit - Debit procedure of CT-3 in a 100% EOU unit.
Anand
Credit - Debit procedure of CT-3 in a 100% EOU unit
07 Aug 2014 
3 Replies 
9776 Views Asked by
CT-3 certificate procedure enables duty-free procurement with B-17 bond accounting debits discharged on export or warehousing.
An EOU may procure indigenous inputs duty-free by issuing a CT-3 certificate signed by excise authorities; suppliers must follow invoicing and warehousing procedures. The B-17 bond covers excise and customs liabilities and requires a running bond account where duties on procured goods are debited and credited when corresponding goods are exported or re-warehoused. (AI Summary)
An EOU may procure indigenous inputs duty-free by issuing a CT-3 certificate signed by excise authorities; suppliers must follow invoicing and warehousing procedures. The B-17 bond covers excise and customs liabilities and requires a running bond account where duties on procured goods are debited and credited when corresponding goods are exported or re-warehoused. (AI Summary)