GR waiver

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Ramesh Reddy (Querist)
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25 August 2010 We are a costruction com in the field of power plant construction for electrical and mechanical works.We have exported the machine for our project to outside india with GR waiver Canara bank, but now machine is not fit to re import in india and we want to disposed off/sale the machine as scrap in that country. pl. let us know the procedure involved under FEMA, Custom, & RBI guidlines.

Regards,
Ramesh Reddy

NILESHKUMAR

NILESHKUMAR (Expert)
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10 June 2012 Permission from Customs is required.

You have to write to your nodal bank / dealr of RBI stating correct fsctual position and retun the GR waiver back.