Pre-Authenticated Procurment Certificate / CT-3 - STPI Units

[Prijesh Janardhanan]

Hi Seek Expertise advice on the below.

As per FTP 2015-20 under D. Other new Initiatives 12. New initiatives for EOUs, EHTPs and STPs (i) EOUs having physical export turnover of ₹ 10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement. They will be allowed fast tract clearances of goods, for export production, on the basis of pre-authenticated procurement certificate, issued by customs / central excise authorities. They will not have to seek procurement permission for every import consignment.

Clarification sought - In case of STPI Units there will be no physical exports hence are they not liable for pre-authenticate procurement certificate / CT3 even their SOFTEX is more than 10 Crores?

AI Summary

Clarification sought on STPI units' eligibility for CT-3 certificates under Foreign Trade Policy 2015-20 without physical exports. A participant in a discussion forum seeks clarification on whether Software Technology Parks of India (STPI) units, which do not engage in physical exports, are eligible for pre-authenticated procurement certificates or CT-3, given that their SOFTEX exceeds 10 crore. This inquiry arises from the Foreign Trade Policy 2015-20, which allows Export Oriented Units (EOUs) with physical export turnover above 10 crore to benefit from fast-track clearances for import and domestic procurement without needing separate permissions for each consignment. The participant is asking if similar provisions apply to STPI units despite the absence of physical exports.