Import from China , Ecport to Europe

[Asked by Guest]

Dear Sirs,

We are manufacturer Exporter located in Gujarat and having 10 crore turnover p.a. . We are importing some spares from China and now the same is asking from Europian country.

Can we do trading import in this case , as we import from China and direct export to Europe , without landing of material in India ? In this case , we save our time and freight both.

But, to save all these thing we do not know about legality like FEMA or Customs.

Awaiting for reply .

AI Summary

Third country movement via switch bill of lading enables export invoicing with forex repatriation while avoiding Indian customs duty.
Use of third country movement via a switch bill of lading, supported by an Indian invoice, allows repatriation of foreign exchange to India while the goods bypass physical landing in India. Where shipments do not enter India, Indian customs duty does not apply; applicable duties and regulations are those of the destination jurisdiction. Appropriate documentary evidence of the transaction and the switch bill of lading is required to satisfy authorities.