https://www.taxtmi.com/acts?id=40969 Importers availing concessional duty or specified end-use exemptions must use the imported goods in accordance with the relevant notification within the prescribed period. Unutilised or defective goods may, within that period, be either re-exported or cleared for home consumption; where no period is specified, the default period is one year from import, extendable by the jurisdictional Commissioner by up to three months on sufficient cause shown for delay beyond the importer's control. Re-export must be reported in the quarterly statement with export particulars, and home consumption requires voluntary payment of duty with interest through the common portal. en-us Mon, 12 Sep 2022 14:41:07 +0530 Tue, 30 Jun 2026 14:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40969 Importers availing concessional duty or specified end-use exemptions must use the imported goods in accordance with the relevant notification within the prescribed period. Unutilised or defective goods may, within that period, be either re-exported or cleared for home consumption; where no period is specified, the default period is one year from import, extendable by the jurisdictional Commissioner by up to three months on sufficient cause shown for delay beyond the importer's control. Re-export must be reported in the quarterly statement with export particulars, and home consumption requires voluntary payment of duty with interest through the common portal. Act-Rules Customs Mon, 12 Sep 2022 14:41:07 +0530 https://www.taxtmi.com/acts?id=40969