Dear all,
A company had exported excisable goods without payment of duty under CT1. The same goods are returned once they reached to the destination country as packing was rejected by the party. Company has reimported the said goods and paid excisable duty on the same.
What could be the further attention or action for company? Both for returns and compliance if any.
Warm Regards.
there are two scenerio in this case,
1) re-export the goods and claim the duty paid as rebate under rule 18.
2) sale the goods in local market as the duty is already paid.
for the company its just a normal import, now with your next course of action to be taken for this consignment please get in touch with range officer.
M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
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CAclubindia
