Import of Rough Marble Slabs @$.60.00.SqM

[Hamid Syed]

The Import Policy permits the import of rough marbles slabs, if the cif price of the Marble is $.60 Per sq.meter or above.

We have imported those slabs, but after the import was done after making the payment of duty, we realised that the marble slabs are not upto the mark and we wanted a discount in the rates from the exporter, who agreed to give us a rebate of $.10.00 per sq.meter and gave us a credit note for the full quantity of the marble slabs.

Can anybody tell us if it is in violation of any of the laws. We are not going to claim any refund of duty on account of this rebate.

Thanks/Regards/Syed Hamid

 

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

Participant Receives Rebate for Unsatisfactory Marble Quality; Seeks Clarification on Legal Compliance Without Duty Refund Claim A discussion participant imported rough marble slabs at a price of $0.60 per square meter, as permitted by import policy. After paying the duty, they found the quality unsatisfactory and negotiated a $0.10 per square meter rebate from the exporter, who issued a credit note for the full quantity. The participant inquired whether this rebate violates any laws, clarifying that they do not intend to claim a duty refund. A respondent asked if the issue was resolved, seeking further clarification if needed.