Return of unsold imported goods and refund of duty
This query is : Resolved
25 September 2013
Hi
We are in a business of importing branded apparel and accessories and retailing it through retail stores in India. In the process we end up with significant volume of unsold products.
Need clarification that if we want to return such unsold goods to the original vendor,
1.can we claim duty refund under customs act.
2. If yes, will such refund be refund of duty or can it also be interpreted as export and hence drawback of duty.
3.What is the timeline to obtain such duty refund. Is it a structured process or there is major element of satisfaction of authorities.
Request views from experts who have been dealing with such imports/ returns
We are in a business of importing branded apparel and accessories and retailing it through retail stores in India. In the process we end up with significant volume of unsold products.
Need clarification that if we want to return such unsold goods to the original vendor,
1.can we claim duty refund under customs act.
2. If yes, will such refund be refund of duty or can it also be interpreted as export and hence drawback of duty.
3.What is the timeline to obtain such duty refund. Is it a structured process or there is major element of satisfaction of authorities.
Request views from experts who have been dealing with such imports/ returns
RAMESH KUMAR VERMA
(Expert)
09 October 2013
https://www.caclubindia.com/experts/sales-goods-return-of-export-1469594.asp#.UlULC1NHhkg
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
