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

AI Summary

Re-exporting Machinery: Understand Customs Duty on Repairs, Required Documentation & Tax Implications Without PAN under Notification No. 94/96. A query was raised regarding the procedure for re-exporting machinery on a repair and return basis, including the necessary customs and excise documentation and the tax implications due to the foreign mechanic lacking a PAN number. In response, it was noted that under Notification No. 94/96 - Customs, dated 16-12-1996, customs duty on re-imported goods after repairs is based on the fair cost of repairs, including materials, insurance, and freight charges.