Treatment of reimport for processing & re-export-Reg.

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..... Dear Experts, We have exported our goods in april 2016 under rebate claim of excise duty. we have received all claims and incentives from the department. Now, due to some quality constraint we have import the same goods (re import for reprocessing and re-export) after paying all custom duty. 1) Whether we can take cenvat credit on such cvd and additional duty on such goods and can treat as a pur .....

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..... chase ? 2) Whether we have to reverse excise duty claim and other export incentive received by the department ? 3) Whether we have to book sales return ? Please clarify. Thanks Regards - Reply By YAGAY AND SUN - The Reply = Replies to your query:- On rejected goods when received by you, you can CENVAT credit under the Provisions of Rules 16 of the CENVAT credit Rules, 2004. Yo .....

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..... u have to reverse or payback all export incentives along with interest at applicable rates on such rejection of imported goods. Yes, you would have to treat it as sales return. - Reply By Suryanarayana Sathineni - The Reply = Dear Friend, It is not clear from your query under which Notification you have re-imported the material ? However, if you clear under Notification 94/96-Cus o .....

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..... n surrender of the export incentives + Rebate etc under the head CVD, then you are eligible for credit If you have re-imported under Notification No. 158/95-Cus for re-process and re-export on execution of a Bond, you cannot avail cenvat since you have not paid any duties. - Treatment of reimport for processing & re-export-Reg. - Query Started By: - RAM SHARMA Dated:- 7-2-2017 Customs - Im .....

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..... port - Export - Customs - SEZ - Got 2 Replies - Customs - 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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