Custom duty, Customs - Exim - SEZ

[Pradeep Ahuja]

Sales from SEZ to a DTA unit are imports for the DTA unit as per customs rules, as full duty is paid.Is this also the view by RBI and banking regulations?

Posts / Replies

[V Ramanujan]

The banks might not accept it. It is only on the SEZ act that envisage such imports. As regards bank it is only a normal purchase

[D Gupta]

For the purpose of sale and purchase of goods, the scheme of SEZ is envisaged. Since SEZ are located in India, normal banking procedure would be followed.