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?

[Guest]

Export of goods are allowed to be exported either without payment of duty or under claim of rebate of duty. You may choose any method.

AI Summary

Duty-free export or rebate option allows exporters to ship noncommercial goods to parent companies without paying central excise duty. Goods sent by a domestic subsidiary to its foreign parent without commercial value, sale intent, or foreign exchange involvement may be exported either under export without payment of duty or under a claim of rebate of duty; the exporter may choose either method, subject to the documentary, shipping and compliance requirements of the chosen procedure.