Dear Madam/ Sir,
We have imported new machine from United Kingdom in Financial Year 2015-2016. Now company will be dissolved. So, we are re-exporting same machine to Germany buyer is same. But export destination is different is now Germany.
At the time of customs clearance we have paid Basic Custom Duty @5%.
Kindly advice, Custom Circular or notification number enabling us to claim Duty Drawback and MEIS.
Or advice us procedure, how will get refund of basic custom duty under current foreign trade policy
Regards
Harkirat singh
[email protected]
Company Seeks Duty Drawback for Re-Export of UK Machine; MEIS Inapplicable, Refer to Section 74 & 1995 Rules. A company imported a machine from the UK in the 2015-2016 financial year and now plans to re-export it to Germany due to dissolution. The company seeks advice on claiming a duty drawback and MEIS for the basic customs duty paid at 5%. Two respondents advise referring to the Imported Goods (Drawback of Customs Duties) Rules, 1995, and Section 74 of the Customs Act for claiming duty drawbacks. They clarify that MEIS is not applicable since the goods are of foreign origin. (AI Summary)
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