Dear sir,
We have a 100% EOU Unit and had imported machinery by procurements certificate (nil rate of duty) and also send repairing purpose to exporting country via filled export shipping bill (NFIA) with machinery value.
Now we have reimport the machinery after repair the service charges made by the exporter. we take procurement certificate for the service charges or pay customs duty. ? kindly replay for the same.
EOU Inquiry: Reimporting Machinery for Repairs and Procurement Certificate for Service Charges Affects Export Obligations An individual from a 100% Export Oriented Unit (EOU) inquired about reimporting machinery sent abroad for repairs, questioning whether to obtain a procurement certificate for service charges or pay customs duty. The response advised that a procurement certificate could cover the service charges, as these are included in customs valuation for duty calculation. Consequently, the export obligation will increase proportionally due to the duty foregone by including service charges in customs valuation. It was also noted that maintaining a positive Net Foreign Exchange (NFE) is essential. (AI Summary)
TaxTMI 
TaxTMI 
