https://www.taxtmi.com/forum/issue?id=108815 For 100% EOUs receiving IPA under CT-3 without payment of duty and without taking CENVAT credit, disposal of used packing material (empty drums) is governed by the Foreign Trade Policy and requires payment of duty on the transaction value. The Board circular exempting containers from duty and reversal of credit applies where inputs were procured with credit and duty paid, not to duty free CT 3 receipts; practitioners note duty may be recorded against the B 17 bond but differ on practical effect. en-us Sat, 27 Jun 2015 13:05:04 +0530 Thu, 23 Jan 2025 15:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108815 For 100% EOUs receiving IPA under CT-3 without payment of duty and without taking CENVAT credit, disposal of used packing material (empty drums) is governed by the Foreign Trade Policy and requires payment of duty on the transaction value. The Board circular exempting containers from duty and reversal of credit applies where inputs were procured with credit and duty paid, not to duty free CT 3 receipts; practitioners note duty may be recorded against the B 17 bond but differ on practical effect. Discussion-Forum Central Excise Sat, 27 Jun 2015 13:05:04 +0530 https://www.taxtmi.com/forum/issue?id=108815