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TMI BlogClear all the formsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Clear all the queries CT-3 Duty Draw back DTA Central Excise Reg-17/2004 - Reply By Mangesh Lokre - The Reply = CT-3 Is the Certificate for removal of excisable goods under bond. It is issued by a 100% EOU to procure the goods from DTA unit without Payment of Duty. In Normal course, a DTA supplier has to pay the ED on removal of Excisable Goods, but in case of supplies t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o EOU, the EOU can procure the Duty Free Goods, if interested, from the DTA supplier against this CT-3 Certificate. The DTA supplier made the supply to EOU against the ARE-3A form ( Warehousing Certificate ). This Certificate have to endorse by the Bond Authority as a token of receipt of the goods in the Warehouse ( EOU ) so called the re-warehousing Certificate. This re-warehousing certificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e needs to present to the Jurisdictional Excise Office within 90 Days from the date of clearance, failure to do so will have to pay the ED along with Interest. Duty Draw back Duty Drawback are incentives which flow from the schemes framed by the Central government or from Section 75 of the Customs Act 1962, hence incentive profits are not profits derived from the eligible business under Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 80-IB of the Income-tax Act, 1961. They belong to the category of ancillary profits of such undertakings. Various schemes like EOU (Export Oriented Unit), SEZ, DEEC (Duty Exemption Entitlement Certificate), manufacture under bond etc. are available to obtain inputs without payment of customs duty/excise duty or obtain refund of duty paid on inputs. Manufacturers or processors who are unabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to avail any of these schemes can avail duty drawback . Here, the excise duty and customs duty paid on inputs is refunded to the exporter of finished product by way of duty drawback . Section 75 of Customs Act provide for drawback on materials used in manufacture or processing of export product. Note: Duty drawback under section 75 is granted when imported materials are used in the manufa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cture of goods which are then exported , while duty drawback under section 74 is applicable when imported goods are re-exported as it is and article is easily identifiable DTA Domestic Tariff Area Central Excise Reg-17/2004 If you are talking about Non Tariff Excise Notification No 17/2004, then, by this Notification the Central Government has permitted to remove certain Excisable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods without payment of duty from One Warehouse to Another warehouse - Clear all the forms - Query Started By: - Himanshu shandilya Dated:- 18-2-2011 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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