Custom duty

[Pradeep Ahuja]

Sales from SEZ to a DTA unit are imports for the DTA unit as per customs rules, as full duty is paid.Is this also the view by RBI and banking regulations?

[Surender Gupta]

For the purpose of sale and purchase of goods, the scheme of SEZ is envisaged. Since SEZ are located in India, normal banking procedure would be followed.

[Guest]

The banks might not accept it. It is only on the SEZ act that envisage such imports. As regards bank it is only a normal purchase

AI Summary

Are SEZ to DTA sales considered imports under customs rules and RBI regulations? Banking procedures debated. A discussion on a forum addresses the issue of whether sales from a Special Economic Zone (SEZ) to a Domestic Tariff Area (DTA) unit are considered imports under customs rules and if the same applies under Reserve Bank of India (RBI) and banking regulations. One participant suggests that normal banking procedures apply since SEZs are located in India, while another points out that banks might treat it as a normal purchase, not necessarily recognizing it as an import under the SEZ Act.