Time limit for re-import of goods

CMA T Jagadeesh (Manager - Finance & Accounts)   (106 Points)

17 August 2015  

Hi Friends,

Could any one help me on the following query

a) Is there any time limit under customs /  central excise for re-import of goods which were exported earlier for re-engineering. The subject goods are procured in India and exported for re-engineering / further customization / softwere Integration.

b) Can the extension of time be sought from customs / excise in case if the time limits are not met.

c) Consequences of non compliance under (a) above

Thanks 

Best regards

T Jagadeesh