Central Excise formalities on replacement of exported goods

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DGM-F&A
33 Points Posted on 17 August 2010

Dear Sirs,

We have exported capital goods to Nepal under bond without payment of excise duty.As per our Warranty Policy ,now we are to replcae a major component as it is not repairable. I shall be highly grateful, if any body guide me about  relevant law and procedure under Central Excise and Customs Act.

Thanks & Regards

Tapas

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On 17 August 2010 at 12:40 Report
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Once u export the goods under bond you are claiming exemption from Custom duty under Notification 96/1996. Once such goods are rejected and return to India you cannot avail the benefit of 158/1995, Hence i think u may have to pay custom duty on the same.

Case Law Reference:  Indian Rayon & Industries Ltd 2008 (229) ELT 3 (SC)

Please refer the notifications and the other posts for a determinative opinion

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On 21 August 2010 at 23:33

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