Imported goods export as it is

Section 74 of customs act, related duty drawback.. if you are exporting goods as it is which were earlier impoted within 2 years from the date of import then you can avail the benefit of duty drawback but only if it is satisfactory to the proper officer.. you can get duty drawback 98% of the duty paid...

Please refer section 74, 75 , 76 of the customs act.

Duty drawback depends on the nature of goods.

Regards,

Siddharth Bumb

www.siddharthbumb.blogspot.com

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You have to follow the procedures laid down in Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995. On imported goods that have not been used after import, you can claim drawback of 98 per cent of the customs duty paid. Drawback is available provided you satisfy the Customs authorities that the goods you export are the same as the goods imported under a particular bill of entry.

Is MVAT levied on it???

Customs duty applicable on import of goods, Not in your case.

MVAT?

YAMINI

First of all it is a case of export without value addition so it will not attract any excise duty & so far as the custom duty is concerned you need not pay any infact if you export the same goods as it is then subject to the satisfaction of Proper Officer you will be eligible to Duty Draw back of 98 %(37440+9900=47340)

Thank You

Thank you so much...