TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs duty imposed on re-imported goods under Section 20 amendment with specific exemptions for repairs and drawback claims</h1> Section 20 of the Customs Act, 1962 was amended through Finance Act 1995 to impose customs duty on all re-imported goods as if imported for the first time. Two notifications (97/95-Cus and 98/95-Cus) were issued to exempt certain categories. Goods that claimed drawback benefits or were exported under bond pay duty equal to drawback claimed. Goods sent for repairs abroad pay duty on repair costs. Other goods may be imported duty-free subject to identity establishment and three-year re-import limit. Special provisions apply for goods manufactured in India and re-imported for repairs, requiring re-export within six months and bond with 25% security.
TaxTMI 
