13 April 2010
Our company is into Trading . Basically, we import material from our parent company in Italy and sell these finished goods in India. We pay customs duty for the imports. If we want to return this material or export the same to another country, 1) is there any custom duty applicable 2)Can we claim refund on the earlier duty paid 3) What would be the procedure to claim refunds, please
04 June 2011
If you want to re-export, you have to get the goods cleared under double duty bond and goods will remain in customs bond. You can export the goods from there only. your bond wil be released on submission of proof of export like sb and awb etc. in such a case you will not be paying any excise duty.
CAclubindia
