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
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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