Bonded warehouse - import and export

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Dear Sirs,

 

We have a project, to import goods from South Korea to India and keep it in a Bonded Warehouse.
After a period we want export the goods for several destinations.

My question is:

We need to pay duties during the import process, once we will export the goods in a short time?

Can I do this, even we are an international company located outside of India?

Thank you in advance for the support.

Replies (1)
Imported duty is required to be paid only when goods are removed for home consumption. So when the goods are kept in bonded warehouse & exported from there itself no need to pay import duty & also international company can also do this.


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