Conditional exemption for re imported goods: RBI approved contract and customs verification permit duty relief subject to conditions. Conditional exemption allows re imported goods not produced in India, exported for execution of an RBI approved contract, to be exempt from customs duty provided customs verifies identity, absence of prior drawback, RBI project approval, and unchanged ownership; exemption extent varies: duty equal to cost of alterations is chargeable after abroad repairs, otherwise full customs duty and integrated tax under the Customs Tariff Act, 1975 is exempted.
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.
Conditional exemption for re imported goods: RBI approved contract and customs verification permit duty relief subject to conditions.
Conditional exemption allows re imported goods not produced in India, exported for execution of an RBI approved contract, to be exempt from customs duty provided customs verifies identity, absence of prior drawback, RBI project approval, and unchanged ownership; exemption extent varies: duty equal to cost of alterations is chargeable after abroad repairs, otherwise full customs duty and integrated tax under the Customs Tariff Act, 1975 is exempted.
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