Re-import procedure

[Rajan Rajan]

Dear sirs,

Good Morning,

We have exported our goods over a period under UT1, which are rejected and proposed to be returned back. In this connection, please clarify the following points.

1. Whether we have to pay duty at the time of import (or) exempted.
2. Procedure to be followed while returning back
3. Other conditions/procedures to be following for covering the entire transactions, if any

[YAGAY andSUN]

If you ReExport within Six months of importation into India, then, no requirement to pay the Duty.

You would have to follow provision of Rule 16 of the CER, 2002.

AIR Duty Drawback, STR required to be refunded along with interest. Returned exported goods would not take as fulfillment of EODC.

[KASTURI SETHI]

Penetrative reply by M/s.Yagay and Sun, Sirs. I endorse their views.

[Suryanarayana Sathineni]

Dear Friend,

With due respects, I differ with the view expressed by our learned friends and state that

There are two facilities available for Re-import of exported goods. They are ...

1. Subject to re-export within the time limit prescribed without payment of duty by executing the required Bond under

Notification No. 158/95-Cus

2. On payment of the prescribed duties by complying with the conditions specified in the Notification No. 94/96-Cus

based the situations specified in the table to the said Notification. In this, the person who re-imports the goods can take credit of the duties paid other than the export incentives surrendered if the goods are initially exported under any of the export promotion schemes.

Best Regards

suryanarayana

 

[Hiraman malekar]

Dear Sir,

We have removed our material under UT-1 to our registered Sez unit factory in this connction can we avail benefit of duty draw back to sez unit.please carify.

Regards,

Hiraman

AI Summary

Re-import duty exemption: duty-free return allowed within prescribed time by bond, or alternatively re-import on payment under notification. Re-import of exported goods may be allowed duty free if returned within the prescribed time and the importer executes the required customs bond and complies with procedural rules; drawback claims and surrendered export incentives must be adjusted or refunded (with applicable interest), and returned goods do not constitute fulfillment of export obligations. If exemption conditions are not met, re importation may occur on payment of prescribed duties under the customs re import provisions, with possible credit for duties paid (excluding surrendered incentives) where the goods were originally exported under export promotion schemes.