TaxTMI 
TaxTMI 
CT-3 for RM and the final goods are exempted!
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....T-3 for RM and the final goods are exempted!<br> Query (Issue) Started By: - Vinayak Hegde Dated:- 26-12-2014 Last Reply Date:- 1-1-2015 Customs - Exim - SEZ<br>Got 4 Replies<br>Customs<br>Dear Experts, Pls help me to clarify, whether an 100% EOU can issue CT-3 to procure raw material to manufacture exempted goods? Please consider this particular raw material will be exclusively used in manuf....
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....acture of exempted finished goods. This finished goods either will be exported or cleared in DTA market to the extent of DTA eligibility. regards, Vinayak Reply By PAWAN KUMAR: The Reply: Dear Sir, As per my view, RM can be procured under cover of CT-3 for manufacturing goods by an 100%EOU meant for either export or DTA supply. Reply By Vinayak Hegde: The Reply: Thank you Mr. Pawan. He....
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....re in general case issuing CT-3 will not be a problem. But when the finished goods are exempted whether CT-3 can be issued? When we look from the DTA angle, when finished goods are exempted, CENVAT credit on raw material is clearly denied. Any how thanks for your thoughts. Reply By Vinayak Hegde: The Reply: As per Notification No. 56/2001-Cus., dated 18-5-2001, As for DTA clearance of goods manu....
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....factured by the EOUs which are not excisable (e.g. cut flowers) the duty on inputs and consumables etc. procured/imported duty free under exemption notifications, which have gone into production of such non-excisable goods cleared into DTA, is recovered. Any other opinion for this? Reply By kailash singhal: The Reply: d/s no exemption will be available in central sales against form c and cst ha....
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....s to be charged at the appropriate rate regards ca kc singhal<br> Discussion Forum - Knowledge Sharing ....