Value addition in case of re-export

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2014 Hello Every one,

I want to know that can we re-export the goods not cleared for home consumption from a bonded ware house without any value addition.
If it is possible then can i get the circulars or notifications for the same. Please do the needful at the earliest as i am to do the shipment on urgent basis.

CS M Pota

CS M Pota (Expert)
Follow

13 February 2014 Yeah you can.You find the provisions in the Customs Act.If you do not find please inform

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2014 Dear Malay,

Thanks for your reply but i am not getting any provision in Custom act thats why i have asked for the circular or notification.
Please provide me the circular or notification..

CS M Pota

CS M Pota (Expert)
Follow

14 February 2014

Please find the following provision of the Customs Act:
Section 69(1) in The Customs Act, 1962
(1) Any warehoused goods may be exported to a place outside India without payment of import duty if-
(a) a shipping bill or a bill of export has been presented in respect of such goods in the prescribed form;
(b) the export duty, penalties, rent, interest and other charges payable in respect of such goods have been paid; and
(c) an order for clearance of such goods for exportation has been made by the proper officer.

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2014 Dear Malay,

We are already in the process but custom authorities are asking for 15% value addition. Is it possible that we can Re-export the same without value addition in invoice..
could i have your contact no. so we can have a telephonic conversation..

CS M Pota

CS M Pota (Expert)
Follow

16 February 2014 Please inform did you carry out any process on the ware hosued goods? if not,you should ask the Customs authorities that under which section of the Customs Act or Notitication,Circular or instruction of the Central Board of Excise & Customs they requires you for 15% value addition?

My cell no is 9898003013.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

prakash takane

RAMBIR singh

ANJANA PALIYATH

Mahesh Balanthimugaru

Subscribe Now

Value addition in case of re-export

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA