Re export of machinery on repair and return basis.

[Manish jain]

Can any one share the whole procedure for doing Re export of machinery on repair and return basis with required list of documents for Customs as well as Excise and also the TDS implication on this transaction because the foreign mechanic does not have PAN no.

Regards

Manish

[S G]

Dear Manish,

As per Notification No. 94/96 - Customs dated 16-12-1996, Duty of Customs which would be leviable if the value of re imported goods after repairs were made up of the fair cost of repairs carried out including cost of materials used in repairs (whether such costs are actually incurred or not), insurance and freight charges, both ways.

Thanks!!

AI Summary

Customs valuation for repaired re imports treats fair cost of repairs plus return insurance and freight as dutiable value. Re export on repair and return basis raises procedural and TDS questions; advisory notes that Customs duty on re imported repaired goods is assessed on a value that includes the fair cost of repairs (including materials) and insurance and freight both ways.