Refund of custom duty on Import and then re-export

[Guest]

We wnated to import electronics (data transfer unit) from USA and wanted to add some margin and reexport to another customer in Bangladesh and other countries> Whether Custome duty on import can be refunded or can be saved thru warehousing or any other procedure ? Manoj

AI Summary

Refunds and Savings on Customs Duty for Re-Exported Electronics Possible Under Customs Act Sections 57-74 A query was raised regarding the possibility of obtaining a refund or saving on customs duty for electronics imported from the USA and re-exported to Bangladesh and other countries. Two responses were provided. The first response confirmed that rebates, refunds, or export incentives are available for re-exported goods, provided the necessary procedures under section 74 of the Customs Act are followed. Alternatively, importing under a warehousing procedure is an option, requiring compliance with sections 57 to 73 of the Customs Act. The second response also affirmed the availability of multiple methods to achieve this.