Central Excise and Export Procedure

[Hareesh DM]

Ours is Subsidary company of Hugo und Kern Libers(our parent company) Germany. If we want to make as such clearance of some tools, machinery, and other items,to our parent company, In the above case there will not be Commercial Value, goods are not for sale,and there will not be foreign exchange involvement.what are the Central Excise procedure and Export Procedure?

AI Summary

German Subsidiary Explores Duty-Free Export Options for Tools and Machinery to Parent Company Under Central Excise Rules A subsidiary company of a German parent company inquired about the procedures for exporting tools, machinery, and other items to their parent company without commercial value or foreign exchange involvement. The response indicated that goods could be exported either without paying duty or by claiming a rebate on duty, providing the company with two options for handling the central excise and export procedures.