Is Excise duty leviable on goods manufactured for sale to 100% EOU's??
satya
(Executive Excise)
(1839 Points)
Replied 07 June 2016
Dear Rakesh,
You have to follow CT3 procedure, purchaser gives CT3 for respective QTY, Value, Duty foregone details.
You have to raise Rule 11 Excise Invoice with NIL duty by mentioning 22/2003 CE Notification and also to raise ARE3 form by mentioning CT3 no and Inv details, after receiving the qty by purchaser, his Excise officer(EOU unit) will give endorsement on ARE3 backside, if any shortage recd or not etc.
Venkatanarayana GM
(Partner associate at Hiregange & Associates)
(1279 Points)
Replied 23 June 2016
Perfect answer
agreed with Satya sir view
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
