we imported machines in 2006 nov, now we wantto sell the same/ re export to manufacturer due to non sale in india.
WILL we get the refund of duty, excise (CVD) and adiitional CVD paid while on import in NOV 2006?
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re export
Replies (2)
Export thr machinery under drawback claim as per Section 74 of the Custom Act.
Sir,
We are an 100% EOU unit, We have exported our materials to our foreign Buyer. Due to quality problem He had rejected the same. I had taken back (imported) the goods,by under Execution of Bond in Customs , With the standing Condition that " THE GOODS WILL BE RE-EXPORTED WITHIN 6MONTHS TIME".
In the mean time buyer had made the payment to me. He had not raised any debit note to me. Now I could not return the materials to the customer. So i like to pay duty for the imported goods.
My question is , Whether the duty has to be paid along with interest, If so what is the present duty calculation and whether i can take the credit of customs duty for DTA sale .
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