Dear Sirs, Please guide how we can send goods for Job work outside of India and then import back after job work complete. What is the procedure for it.
We are planing to send Steel Billets outside of India and then after job work we get Pipes it and then need to import that Pipes. Please guide
Steel Billets Exported for Job Work, Returned as Pipes: Customs Duty and GR Waiver Requirements Explained A query was raised about exporting steel billets for job work and importing them back as pipes. The process involves issuing a delivery challan or tax invoice, obtaining a GR Waiver from the bank, and mentioning the GR Waiver number on the shipping bill. Upon return, customs duty is payable on job work charges, and the GR Waiver form must be closed with the bank. The goods must be returned within a year to avoid GST implications. Further inquiries were made about billing and claiming refunds if goods are sold overseas. (AI Summary)
TaxTMI 
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