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TMI BlogExemption to re-import of goods exported under duty drawback, rebate of duty or under bond on or after the 1st July 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Table below when re- imported into India, from so much of the duty of customs leviable thereon which is specified in the said First Schedule , and the 1 [***], integrated tax , compensation cess leviable thereon respectively under sub-section (7) and (9) of section 3 of the said Customs Tariff Act , as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table. Table Sl.No. Description of goods Conditions (1) (2) (3) 1 Goods exported - (a) under claim for drawback of any customs or excise duties levied by the Union (b) under claim for drawback of any excise duty levied by a State (c) under claim for refund of integrated tax paid on export goods (d) under bond without payment of integrated tax (e) under d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthority regarding the fact of reimportation and produces a dated acknowledgement of such intimation at the time of clearance of goods; (iv) The manufacturer- exporters may be permitted clearance of such goods without payment of Central Excise duty or integrated tax and compensation cess under transit bond to be executed with the Customs authorities at the port of importation, such bond will be cancelled on the production of certificate issued by the jurisdictional Customs authority about receipt of reimported goods into their factory or the premises from where the goods were supplied. 2 Goods, other than those falling under Sl. No. 1 exported for repairs abroad 2 [ Said duty, tax or cess ] which would be leviable if the value of re-importe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... departure from India. Explanation : lubricating oil means any oil as is ordinarily used for lubrication, excluding any hydrocarbon oil which has its flash point below 93.3 centigrade; 4B. Fuel other than Aviation Turbine Fuel in the tanks of the aircrafts of an Indian Airline or of the Indian Air Force (i) The quantity of the said fuel is equal to the quantity of the same type of fuel which was taken out of India in the tanks of the aircrafts of the same Indian Airline or of the Indian Air Force, as the case may be, and on which the duty of Customs, or integrated tax had been paid; (ii) the rate of duty of customs (including the additional duty leviable under the said section 3) or the rate of integrated tax, as the case may be, leviable o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se being shown for the delay may be allowed; (c) in the case of goods exported under the Duty Exemption Scheme(DEEC/Advance Authorisation/DFIA) or Export Promotion Capital Goods Scheme(EPCG) or Duty Entitlement Passbook Scheme (DEPB) or 7 [ any scheme of Chapter 4 ] of Foreign Trade Policy, re-importation of such goods takes place within one year of exportation or such extended period not exceeding one more year as the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, on sufficient cause being shown for the delay may be allowed; (d) the goods are the same which were exported; (e) in the case of goods falling under Sr. No. 2 of the Table there has been no change in ownership of the goods between the time of ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stoms Act, 1962 , has been given on or after 01st day of July, 2017. 3. This notification shall come into force with effect from the 1st day of July, 2017. Explanation. - For the purposes of this notification, - (a) the goods shall not be deemed to be the same if these are re-imported after being subjected to re-manufacturing or reprocessing through melting, recycling or recasting abroad.; 8 [ (b) Foreign Trade Policy means the Foreign Trade Policy, 2023, notified by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2023 dated the 31st March, 2023, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-Section (ii) vide S.O. 1565 (E). dated the 31st March, 2023; ] (c) 'Nominated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CATION NO. 46/2023-Customs dated 26-07-2023 w.e.f. 27-07-2023 6. Substituted vide NOTIFICATION NO. 46/2023-Customs dated 26-07-2023 w.e.f. 27-07-2023 before it was read as, 4A.20.1 7. Substituted vide NOTIFICATION NO. 46/2023-Customs dated 26-07-2023 w.e.f. 27-07-2023 before it was read as, any reward scheme of Chapter 3 8. Substituted vide NOTIFICATION NO. 46/2023-Customs dated 26-07-2023 w.e.f. 27-07-2023 before it was read as, (b) 'Foreign Trade Policy' means Foreign Trade Policy, 2015 - 2020 notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification No. 01/2015-2020, dated the 1st April, 2015 ; 9. Omitted vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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