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TMI Blogre-export of rented capital goods on which capital goods credit availedX X X X Extracts X X X X X X X X Extracts X X X X ..... re-export of rented capital goods on which capital goods credit availed X X X X Extracts X X X X X X X X Extracts X X X X ..... thereon. Re-exported the said goods without foreign proceeds with the permission of RBI. Pl guide whether cenvat credit availed are required to be reversed? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: What is the purpose of re-exporting? Reply By shabnoor kazi: The Reply: If the capital goods re-exported with the intention that it will not again import then credit need to be reversed. and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if the capital goods is intended to import again then need not to reverse provided it should be back in india within the prescribed limit. Reply By KASTURI SETHI: The Reply: When imported goods are not in your possession, the reversal is required. No benefit of export is admissible in the situation explained. Reply By mohammedshamim shaikh: The Reply: It was rented capital goods on which app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ropriate customs duties was paid . I have no ownership of the goods. Only completion of work, it was re-exported the said CG within three years from date of import. Also, no export incentives availed on re-export viz. duty drawback, etc. If CG credit requires to be reversed, pl quote the authority. I believe that there is no duty on export. But, it is also fact that no foreign proceeds made at th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e time import and export as well being sister concern unit. X X X X Extracts X X X X X X X X Extracts X X X X
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