Trading by way of re-export of imported goods.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2012
Our Company is sole authorised representative & distributor in India and Bangladesh for a German pump manufacturing company.
We have now secured a direct order from a company in Bangladesh for supply of spares mfg. by our German principal. The order is placed on us to supply original German spares and the payment will be through L/C by the Bangladeshi company to us.
We have accordingly placed the order on our German principal and we will pay to our principal after receipt of material.
So, we will buy the material from our German principal i.e. import and then sell the exactly same material to the Bangladeshi company i.e. re-export.
My question is can we airfreight this shipment directly from Germany to Bangladesh on our invoice and packing list and with German ‘certificate of origin’.
Also, are we allowed to airfreight the shipment from Frankfurt to Kolkata and then re-export to Dhaka without paying customs duty.
We have now secured a direct order from a company in Bangladesh for supply of spares mfg. by our German principal. The order is placed on us to supply original German spares and the payment will be through L/C by the Bangladeshi company to us.
We have accordingly placed the order on our German principal and we will pay to our principal after receipt of material.
So, we will buy the material from our German principal i.e. import and then sell the exactly same material to the Bangladeshi company i.e. re-export.
My question is can we airfreight this shipment directly from Germany to Bangladesh on our invoice and packing list and with German ‘certificate of origin’.
Also, are we allowed to airfreight the shipment from Frankfurt to Kolkata and then re-export to Dhaka without paying customs duty.
29 June 2012
but CHAPTER-3 incentive and chapter-4 how can you get in this case.
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