Foreign goods imported for repair and return must be re exported within specified periods under bond and identity verification. Articles of foreign origin imported for repair and return are exempt from customs duty and integrated tax provided the importer declares the purpose, re exports the goods within prescribed periods (generally six months with permitted extensions), permits customs to verify identity, and executes a bond undertaking to re export and to pay duty if re export does not occur.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign goods imported for repair and return must be re exported within specified periods under bond and identity verification.
Articles of foreign origin imported for repair and return are exempt from customs duty and integrated tax provided the importer declares the purpose, re exports the goods within prescribed periods (generally six months with permitted extensions), permits customs to verify identity, and executes a bond undertaking to re export and to pay duty if re export does not occur.
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