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TMI BlogTreatment of reimport for processing & re-export-Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Treatment of reimport for processing & re-export-Reg. X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 purchase ? 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. * You 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: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 on 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vail cenvat since you have not paid any duties. X X X X Extracts X X X X X X X X Extracts X X X X
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