Treatment of reimport for processing & re-export-Reg.

[RAM SHARMA]

Dear Experts,

We have exported our goods in april 2016 under rebate claim of excise duty. we have received all claims and incentives from the department. Now, due to some quality constraint we have import the same goods (re import for reprocessing and re-export) after paying all custom duty.

1) Whether we can take cenvat credit on such cvd and additional duty on such goods and can treat as a purchase ?

2) Whether we have to reverse excise duty claim and other export incentive received by the department ?

3) Whether we have to book sales return ?

Please clarify.

Thanks & Regards

AI Summary

Clarification Sought on CENVAT Credit, Reversal of Export Incentives, and Sales Return for Re-Imported Goods A participant in a discussion forum raised questions about the re-importation of goods initially exported under a rebate claim. They sought clarification on whether they could claim CENVAT credit on customs duties paid, whether they needed to reverse excise duty claims and export incentives, and if they should record the transaction as a sales return. Respondents advised that CENVAT credit is possible under certain conditions, export incentives must be reversed with applicable interest, and the transaction should be treated as a sales return. Eligibility for credit depends on the specific notification under which the goods were re-imported.