Cateogory - imported material

[pavitra kothari]

The imported material export as it is but not to seller, in which category it will fall (export or re-export) and any export incentive will available on this and what about the import duty (custom duty) at the time of import, it will be payable in cash or exempted from custom duty, (import intended for export)? Kindly guide me.

AI Summary

Export or Re-export? Clarification Provided: Exported Imported Materials Without Returning is Re-export; Duties Refundable Under Section 74. An inquiry was made regarding the classification of exporting imported material without returning it to the original seller, questioning whether it qualifies as export or re-export. Additionally, there was a query about the availability of export incentives and the payment or exemption of import duty. The response clarified that such a transaction is considered re-export, and duties paid at import can be refunded according to Section 74 of the Customs Act, 1962.