Dear Expert,
We a 100% EOU exported goods. Later we noticed that there were some quality issues in the goods. So we get back the same by re-importing.
Now, after rectifying the quality issues we have to re-export. So request you tell me the procedure along with relevant notifications
Thanks & Regards
Rajan
100% EOU Re-Imports Defective Goods for Repair; Duty Exemption Possible Under Notification 52/2003; Re-Export Within One Year Required. A 100% Export Oriented Unit (EOU) faced quality issues with exported goods, leading to their re-importation for repair. The discussion seeks guidance on re-export procedures. An expert advised that re-imported goods are eligible for duty exemption under notification 52/2003, provided they are re-exported within one year. According to the Foreign Trade Policy (FTP) 2015-20, defective goods can be re-imported for repair and re-exported without authorization, but benefits availed must be returned. Another expert suggested reviewing chapter 6.28 of the FTP and related provisions for further guidance. (AI Summary)