Recovery of export benefits given under Incentive and Reward Schemes under Chapter 3 of FTP on re-import of exported goods

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..... the 13th August, 2019 To All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive)/Customs & Central Tax All Principal Directors General/Directors General under CBIC Madam/Sir, Subject: - Recovery of export benefits given under Incentive and Reward Schemes under Chapter 3 of FTP on re-import of exported goods. Attention is invited to Notifications No.94/1996-Cus .....

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..... apter 3 of FTP. DGFT has informed that RBI Master Direction on exports and imports issued vide F.No. RBI/2006-2007/313 A.P.(DIR Series) Circular No.37 dated 05 April, 2007 already has a provision regarding refund of incentives taken from DGFT for such re-imports. DGFT has also informed that as per para 3.24 of Handbook of Procedures issued under FTP 2015-20, a procedure for obtaining 'no-incentive .....

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