Re-import
This query is : Resolved
18 October 2012
Dear Sirs,
We are in to engineering sector. We have exported our material to overseas buyer. After some time the material got damaged at buyer's Warehouse. We have exported Free replacement of the goods to our Customer.
Now we are importing our damaged goods to india. Kindly advise any opetion to avoide payment of import duty & DEPB which we have availed on our export shipment.
Regards,
Chirag Rana
We are in to engineering sector. We have exported our material to overseas buyer. After some time the material got damaged at buyer's Warehouse. We have exported Free replacement of the goods to our Customer.
Now we are importing our damaged goods to india. Kindly advise any opetion to avoide payment of import duty & DEPB which we have availed on our export shipment.
Regards,
Chirag Rana
21 October 2012
Exported goods may be re-imported and returned to the factory for carrying out repairs, re-conditioning, refining, re-making or similar process. These can be re-exported after re-processing. If any waste arises during such re-processing, such waste can be cleared on payment of duty. If goods exported under bond are brought back the duty liability is only under customs law. There is no provision under central excise law to recover excise duty on goods which were exported under bond.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
