TaxTMI 
TaxTMI 
I would like to request , if someone told me the formalities / procedure related the following issue . I need to import some materials from china & the same materials to be export . Shall I need to pay import duty . Then my total costing will be effected . Kindly advice . If any bond can resolve the issue then what will be the formalities .
Seeking Clarification
10 Nov 2017 
6 Replies 
1459 Views Asked by
Guest 
Import-export duty treatment: options include paying BCD and IGST with refund/drawback or using customs bonded warehouse.
Importers may either pay basic customs duty and integrated tax on import and pursue refund or drawback on export, subject to identification and documentary requirements, or place goods in a bonded warehouse by executing a double duty bond (with possible bank guarantee) and export from the bonded premises without immediate duty payment; a switched bill of lading to export directly is a commercial alternative. (AI Summary)
Importers may either pay basic customs duty and integrated tax on import and pursue refund or drawback on export, subject to identification and documentary requirements, or place goods in a bonded warehouse by executing a double duty bond (with possible bank guarantee) and export from the bonded premises without immediate duty payment; a switched bill of lading to export directly is a commercial alternative. (AI Summary)