I have to dispatch goods to a 100% EOU unit , against CT-3 Form, whether it will be treated as deemed export? and if yes then whether I shall prepare Excise Invoice under Export Series or Local Series?
VIPUL BUBNA (MANAGER TAXATION) (119 Points)
16 November 2009I have to dispatch goods to a 100% EOU unit , against CT-3 Form, whether it will be treated as deemed export? and if yes then whether I shall prepare Excise Invoice under Export Series or Local Series?
P.Bashista
(Advocate)
(367 Points)
Replied 18 November 2009
It is treated as deemed export. It is to be prepared on export series invoice
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 14 January 2010
Supplies to EOU are 'deemed exports'. The supplier is eligible to avail benefits available to 'deemed exports'. Supplier to EOU is not required to pay excise duty on final products supplied to EOU. The EOU unit can procure indigenous material without payment of excise duty. They have to issue CT-3 certificate signed by excise authorities to the supplier. The manufacturer of the indigenous goods is required to follow procedure as per rule 11 (invoicing) and rule 20 (for warehousing) of central excise rules.
SATISH DEVRAM DHAUTRE
(EXCISE ACCOUNTANT)
(22 Points)
Replied 19 August 2014
sir,
Material despatch against ct-3 that time annexure 19 submit is necessary
CAclubindia
