Re-export under Section 74

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..... Dear Sir, In our case we have imported finished goods for sale in indian market, but now due to some technical reasons we have decided to re-export the goods , to the country other than the country of import, let me know whether we can get the duty drawback under section 74 in this case. Regards, Rahul Sonawane - Reply By Pradeep Khatri - The Reply = Dear Rahul, Under Section 74 .....

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..... of Customs Act , it is very much allowed to export the imported goods to another country other than the from the import was initiated. Duty Drawback under Section 74 will be granted up-to the limit of 98% of the duty paid. Further, Goods must be in its original packaging. Onus will be on you to prove the identity of the goods to the Customs Department. A rate slab of duty drawback is al .....

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..... so associated with the lapsed time. Board's permission is required to export the goods, if you are not able to export within 2 year from the date of import. Best Regards, Pradeep Khatri - Reply By Sainath Forwarder - The Reply = Dear Sir, kindly forward us any notification for the same as we are also facing the same problem and we couldnot find any notification in which they have sta .....

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..... ted that the importer can export to third party . Awaintg your earlest reversal......... - Reply By Pradeep Khatri - The Reply = Please refer page no. 1.37 (pink pages) of the R.K.Jain's Customs Law Manual 46th addition 2012-13 in this regard. - Re-export under Section 74 - Query Started By: - Rahul Sonawane Dated:- 10-7-2012 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Custo .....

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..... ms - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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