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of <h1>Export units can replace defective goods before re-importing originals with Reserve Bank waiver approval</h1> The circular addresses difficulties faced by Export Oriented Units, Export Processing Zones, Electronic Hardware Technology Parks, and Software Technology Parks regarding replacement of defective goods. For exported goods found defective by foreign buyers, units may make free replacements before physically re-importing defective items, subject to Reserve Bank waiver. Units can also re-import consignments if foreign buyers refuse delivery. For imported defective goods, units may receive free replacements before re-exporting the defective items. If suppliers don't require re-export, defective goods may be destroyed with customs permission or cleared into domestic market upon paying full customs duty. These instructions aim to facilitate smooth replacement processes for special economic zone units dealing with damaged or unfit goods in international trade.
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