Is there any form named CT-3 in import export business? How can one obtain form CT-3? What is the purpose of form CT-3 and why is it required? Where can one apply for it?

The Customs & Excise department issues the CT-3 form. This form is issued to the units that fall under STP (Software Technology Parks) and EOU (Export Oriented Unit). Form CT-3 is used for the procurement of indigenous capital goods or services locally, i.e. without any central excise duty.

STP (Software Technology Parks) and EOU (Export Oriented Unit) units can directly apply with the help of a pro forma invoice of supplier along with green card for this form depending on the location of the STP (Software Technology Parks) and EOU (Export Oriented Unit). Post the verification and completion of all the necessary documents, approval is given to issue form CT-3 by the Customs Department or authorities. Once the written entry is done in the records of the Customs Department and Central Excise Department, form CT-3 is issued in three sets. One copy is filed and kept in the records of the Customs and Excise Department and two copies of the forms are delivered to the STP (Software Technology Parks) and EOU (Export Oriented Unit) units. 

Once the form CT-3 is obtained, STP (Software Technology Parks) and EOU (Export Oriented Unit) units send it to the producer or manufacturer of these indigenous goods or services attached with the purchase order. Once the buyer or importer receives form CT-3, the producer supplies the goods or services according to the purchase order to the unit without charging duty from the central excise.

Form CT-3’s purpose is to procure indigenous goods or service within the country with exemption of central excise duty. Once the original form CT-3 is obtained, the manufacturer transports his/her goods or services to the buyer or importer. After the goods or services are transported, the original CT-3 form is submitted to the local jurisdiction of the manufacturer’s Customs and Central Excise Department. This step is done to avail the duty exemption offered by the Central Excise Department to the exporter or buyer.