TaxTMI 
TaxTMI 
Exemption to re-imported goods exported under various Export Promotion Schemes
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....hereby exempts the goods falling within any Chapter of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and specified in column (2) of the Table hereto annexed (hereinafter referred to as the said Table) when re-imported into India, from so much of the duty of customs leviable thereon which is specified in the said First Schedule, the additional duty leviable thereon under section 3 of the said Customs Tariff Act and special duty of customs leviable under sub-section 9 (1) of section 68 of the Finance (No.2) Act, 1996 (33 of 1996), as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table. TABLE Sl.No. Description of goods Amount of duty 1 2 3 1. Goods expor....
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....ral Excise Department may be permitted clearance of such goods without payment of Central Excise duty under transit bond to be executed with the Customs authorities, such bond will be cancelled on the production of certificate issued by Central Excise authorities about receipt of re imported goods into their factory. 2. Goods, other than those falling under Sl. No.1, exported for repairs abroad. Duty of Customs which would be leviable if the value of re imported goods after repairs were made up of the fair cost of repairs carried out including cost of materials used in repairs (whether such costs are actually incurred or not), insurance and freight charges, both ways. 2A. Goods ^1[exported] under Duty Entitlement pass-book (D....
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.... falling under ^3[Sl. Nos. 1, 2, 2A, 2B and 2C.] Nil. Provided that the Assistant Commissioner of Customs is satisfied that - ^6[(a) in the case of Bhutan, the machinery and equipment [other than those exported under the Duty Exemption Scheme (DEEC) or Export Promotion Capital Goods Scheme (EPCG) or Duty Entitlement Passbook Scheme (DEPB)] are re-imported from Bhutan within seven years after their exportation or within such extended period, not exceeding three years, as may be allowed by the Principal Commissioner of Customs or Commissioner of Customs as the case may be, on sufficient cause being shown; (aa) in all other cases, the goods [other than the goods exported under the Duty Exemption Scheme (DEEC) or the Export Promotio....
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....unt of duty specified in column (3) of the Table: ^4[(e) in the case of goods falling under Sl. No. 2C of the TABLE, the goods are returned to the owner of the aircraft without any sale.] Provided further that nothing contained in this notification shall apply to re-imported goods which had been exported - (a) by a hundred percent export oriented undertaking or a unit in a Free Trade Zone as defined under section 3 of the Central Excise Act, 1944 (1 of 1944); (b) from a public warehouse or a private warehouse appointed or licensed, as the case may be, under section 57 or section 58 of the Customs Act, 1962 (52 of 1962). Explanation.- For the purposes of this notification, (a) goods shall not be deemed to be the same ....
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.... 3. Substituted vide Notification No. 52/2012-Customs, dated 13/09/2012 before it was read as:- "Sl. Nos. 1 and 2" 4. Inserted vide Notification No. 52/2012-Customs, dated 13/09/2012 5. Clause b and c substituted vide Not. 33/2015 - Dated 15-5-2015, before it was read as, under: "(b) 'Foreign Trade Policy' means Foreign Trade Policy, 2009 - 2014 notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub section (ii) vide notification No. 1/2009-2014, dated the 27th August, 2009, as amended from time to time. (c) "Nominated agencies" means,- (1) Metals and Minerals Trading Corporation Limited (MMT....