07 February 2009
Dear sir, I am working in Manufacuring Unit.and i want to know all about Imported Material Purchase To be returned to Foreign Contry Supplier under Central Excise Law.
09 February 2009
The manufacturing unit may have taken cenvat credit on the purchased material. In that case the unit may export the goods under bond. However, through this procedure you will loose the Basic Custom duty paid. For basic custom duty purpose, you can claim drawback under Section 74 of the Custom Act.
CAclubindia
