Dear Sir,
We have Exported Goods to our buyer in Australia under GST scheme(under Drawback and MEIS). Buyer has rejected exported goods and now we have import these goods, to check status
Perhaps we will use in domestic market or if goods found in good condition. We will re-export these goods to another buyer.
Kindly advice following :-
1) Time Frame for import of rejected goods
2) procedure to import rejected goods.
Kindly advise in Details.
Regards
Harkirat Singh
[email protected]
Guidance on Importing Rejected Goods: Customs Notification 45/2017, RBI Circulars, GST, MEIS, and ITC Reversal Explained. A user sought advice on importing goods rejected by an Australian buyer, initially exported under the GST scheme. The user inquired about the timeframe and procedure for importing these goods, with the possibility of re-exporting them. Responses included references to Customs Notification 45/2017 and RBI circulars. One expert explained options: showing the goods as an import from the same party or finding a new buyer with bank extensions. They also advised on handling GST, MEIS, and drawbacks, emphasizing reversing ITC for unrealized exports. Another participant asked about IGST adjustments in GST returns after refunds. (AI Summary)