Free of cost export for trial and testing

[Pradeep Jain]

Dear Sir,

For import of machine , components for trial and testing on the said machine  are be be sent at abroad on Free of Cost bais . Now GR waiver limit is Rs. 25000/- .

What procedure to be folowed.

Regards

 

Pradeep Jain

 

[sanjay bhalerao]

 Please refer RBI Master Circular No. 14/13-14 dated 01-07-2013 Para B.10.

Which allows Material to be Exported for Repair / Maintenance / Calibration / Testing.  With condition of Re-import and submission of Bill of Entry to Bank within 30 days from Re-import.

If material is being destroyed during above process, certificate from Overseas Party doing this activity is required to be submitted to bank.

Thanks & Regards,

Sanjay Bhalerao

AI Summary

Export for testing allowed; requires re-import with bill of entry submitted to bank within set period, destruction needs certificate.
Exporting machinery or components abroad free of cost for repair, maintenance, calibration or testing is allowed provided the goods are re-imported and the Bill of Entry is submitted to the bank within thirty days of re-import; if materials are destroyed abroad during such activities, an overseas party certificate of destruction must be provided to the bank. Administrative GR waiver limits were noted but do not alter these re-import, bank reporting and destruction certification obligations.