Dear Sirs,

We are a manufacturing unit in South India. We imported a machine in Sept 2013 and paid Import duty. We used the machine in production and now want to re export it. Will we be able to recover the import duty paid at the time of Importation and if yes then how much of it. Please mention the relevant sections as well for the reference.

Also, we have some local buyers for the machine, but in that case, will it be possible to recover / pass the Cenvat credit. if yes, please mention the sections/provisions in the law.

What is the procedure in both the above cases and which one to be adopted.

Thanks.

Dear Sir,

Please note we have imported a machinery by availing SEZ benefit in 2011. Now we want to sell it to a DTA Unit. Please advice:
1. how to calculate the depreciation value?
2. can we sell on a price more or less than the depreciation value?
3. is there any valuation method acceptable by customs for machinery?
4. On what value the customs duty will be applicable - on the invoice selling price or depreciation value?

Thanking you,

Regards,
Naresh Singrakhia

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