TaxTMI 
TaxTMI 
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
Refund of custom duty on Import and then re-export
04 Jan 2007 
2 Replies 
2173 Views Asked by
Guest 
Refund of customs duty on re-export requires following prescribed procedural refund rules or using warehousing for duty-free export.
Re-export of imported goods on which customs duty has been paid permits recovery of duty through rebate or refund mechanisms if the claimant complies with the prescribed statutory refund procedures, documentary requirements, rules and notifications. Alternatively, importation under the warehousing procedure allows admission of goods to warehouse and subsequent export without immediate duty payment, subject to the warehousing rules and related procedural conditions. (AI Summary)
Re-export of imported goods on which customs duty has been paid permits recovery of duty through rebate or refund mechanisms if the claimant complies with the prescribed statutory refund procedures, documentary requirements, rules and notifications. Alternatively, importation under the warehousing procedure allows admission of goods to warehouse and subsequent export without immediate duty payment, subject to the warehousing rules and related procedural conditions. (AI Summary)