Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Re Export of Imported Goods

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Experts, Thanks for your valuable suggestion ............... We have imported a machine in March-2015, Now we want to export it for repair purpose to Supplier. After Repair we will import it. Please suggest complete procedure for Re Export and Import. Regards - Reply By YAGAY and SUN - The Reply = Please check Section 25A of the Customs Act as inserted w.e.f. 29-03-02018. - Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By Ganeshan Kalyani - The Reply = You have to maintain all connected documents which proves that imported machine is sent for repair and received after repair. Otherwise receiving repaired machine would be considered as fresh import and duty will have to be paid. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = 25A. Where the Central Government is satisfied that it is necessary in the publi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... c interest so to do, it may, by notification, exempt such of the goods which are imported for the purposes of repair, further processing or manufacture, as may be specified therein, from the whole or any part of duty of customs leviable thereon, subject to the following conditions, namely:- (a) the goods shall be re-exported after such repair, further processing or manufacture, as the case may .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be, within a period of one year from the date on which the order for clearance of the imported goods is made; (b) the imported goods are identifiable in the export goods; and (c) such other conditions as may be specified in that notification. Whether Section 25A is applicable to this case? - Reply By YAGAY and SUN - The Reply = Also get GR Waiver from your Authorized Dealer and after .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... repaired goods received back also get closure of this GR Waiver from your AD. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I think the query has not been correctly answered. I am also awaiting to know the complete procedure as required in this case. - Reply By KASTURI SETHI - The Reply = Better option is to pay Customs duty and get credit /drawback or refund whatever is admissible. Ear .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lier procedure has been dispensed with after 1.7.17. Virtually, Govt.has done so for proper accountal of inputs/capital goods. Ultimate aim is to avoid misuse. - Reply By YAGAY and SUN - The Reply = You would have to follow appended procedure for the it: Commercial Invoice, Packing List, Tax Invoice would be prepared. Goods can be removed on payment of tax or LUT or Bond. GR Waiver form w .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ould be applied by you through your A.D. On repair charges customs duty would be paid. After return of repaired goods you would have to close the GR Waiver from your A.D. - Reply By AnilKumar Vyas - The Reply = Dear All Experts, Thanks for your valuable suggestion. Regards Anil Vyas - Reply By SANJAY ACHAREKAR - The Reply = Dear Sir, We had imported capital equipment amounting to Euro .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 12000/- by Air on 25.03.2013 in India but because of calibration of that instruments is done at abroad we had re-exported the material on 07.07.2016. Now the material is ready again for re-import . Whether after so many days/year can i reimport the said material ? If yes,what custom procedure I will have to follow ? Our GR waiver of this instrument is pending with the bank for clousure. We awa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it your favorable reply soon. regards, sanjay acharekar FDC LIMITED MUMBAI Tel : 022-26739361 Mob : 9167743575 - Reply By CS.RAJESH AUDITHYAN - The Reply = Dear Mr.Sanjay Wrt to your query on repair and return,reimport can be done. As you have mentioned there is abnormal delay in repair return hence suitable explanation letter has to be produced and needs to establish reimport cargo mar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ks and numbers tallying with export. All the original return export docs has to be produced. Now Duty has to be paid on repair cost hence supplier has to give invoice for repair charges. With rgds Rajesh A PT SHIPPING PVT LTD CUSTOMS BROKERS Mob :9380229514 Notification No. 46 / 2017 Customs 2 Goods, other than those falling under Sl. No .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . 1 exported for repairs abroad Duty of customs which would be leviable if the value of re-imported goods after repairs were made up of the fair cost of repairs carried out including cost of materials used in repairs (whether such costs are actually incurred for not), insurance and freight charges, both ways. 2. This Notification will apply to the exports for wh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ich order permitting clearance and loading under section 51 of the Customs Act, 1962 has been given on or before 30th June. 2017. - Reply By raghunandhaanan r vi - The Reply = You may please refer Customs Notification No. 46/2017 Sl. No. 2 Goods can be re-imported after repair within 3 years from the date of export which may be extended by commisisoner for another 2 year .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s. If goods originnally imported under EPCG or any other Export Promotion scheme you should have re-imported the goods within one year or further extension given by commissioner not more than one more year. - Re Export of Imported Goods - Query Started By: - AnilKumar Vyas Dated:- 5-7-2018 Customs - Import - Export - Customs - SEZ - Got 11 Replies - Customs - Discussion Forum - Knowledge Sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aring, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates