Regarding Re-credit of duty of re-Export of goods imported under reward schemes and DEPB.

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....i,  dated 13^th October, 2011.   To All Chief Commissioners of Customs/ Customs (Preventive) All Chief Commissioners of Customs & Central Excise All Director Generals under CBEC, All Commissioners of Customs/ Customs (Preventive), All Commissioners of Customs & Central Excise.   Sir/Madam,   Subject : Re-Export of goods imported under reward sch....

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.... such re-export was given by the Commissioner of Customs concerned.  3.         In this regard, representations have been received from the trade and industry that the extant circulars do not provide for situations, where such re-export takes place, for reasons other than the goods having been found to be defective/ unfit.  The matter has been e....

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.... amendments by DGFT in the HBP v1, it is clarified that in respect of reward schemes specified under Chapter 3 of FTP and DEPB scheme, re-export of imported goods, which are found to be defective /unfit and/ or for re-export on account of any other reason, may be permitted by the Commissioner of Customs, subject to fulfillment of the following conditions: (i)      &nbsp....

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....the said re-credit amount to the extent of 98% only; (vii)    The validity of re-credit certificate shall be for six months from the date of issuance of re-credit certificate; and (viii)    The remittances have to be properly accounted for as per the prevalent guidelines for the import and the export of the goods. 6.        ....