DUTY EXEMPTION PROCEDURE FOR IMPORTED GOODS MEANT FOR RE-EXPORT
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....UTY EXEMPTION PROCEDURE FOR IMPORTED GOODS MEANT FOR RE-EXPORT<br> Query (Issue) Started By: - ZIAULLAH THIRUVALLUR Dated:- 6-2-2016 Last Reply Date:- 27-2-2016 Customs - Exim - SEZ<br>Got 6 Replies<br>Customs<br>Dear Sirs, I am a manufacturer of beverages. I am importing containers, bottles, pouches (packing material), etc and re-exporting after filling them with beverages. Thereby, the imported....
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.... goods serve as a packing material for the goods being exported. I hold a Registration Certificate from Central Excise and Customs. I am not holding any advance license. Can anyone please explain me how to overcome the duty payable at time of import. I am prepared to submit a Bond or Letter Of Undertaking or Bank Guarantee or any other requirements. Please advise me of the procedure. Many Thanks....
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...., M/s United Agro. Reply By YAGAY AND SUN: The Reply: You may consider following Rules to solve your query or avail the Duty Drawback on packing material when re-exported. Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 Reply By ZIAULLAH THIRUVALLUR: The Reply: Dear Sir (YAGAY AND SUN), Draw back is fine. But, I am looking at importing ....
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....without paying any duty against bond or bank guarantee. Is that possible under this notification - Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996? Kindly advise. With Best Regards, M/s United Agro. Reply By Mahir S: The Reply: Yes sir, please go through the above Customs Rules, 1996 and thereafter you may take further advise from the Jur....
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....isdictional Assistant Commissioner in the matter. Reply By KASTURI SETHI: The Reply: SH.ZIAULLAH THIRUVALLUR, In addition to above, you have three options:- 1. Advance License scheme 2. Free Trade Agreement (Search on google) 3. Notification No.12/2012-Customs Reply By CS SANJAY MALHOTRA: The Reply: Dear Mr. ZIAULLAH, Agreed with Sh. Kasturi ji, Yagay & Sun & Mr. Mahir as to availing the....
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.... benefit of Duty Drawback/ FTA/Notitication No. 12/2012 Advance Licence is not applicable for packing material. Please note that the final product is beverages in your case which include the cost of packing material and NOT THE PACKING MATERIAL EXPORT. Reply By surya narayana: The Reply: Dear All, To avoid fulfilling various procedural requirements, it is better to import the packing materia....
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....l on payment of duty and claim rebate of the duty paid on the export product together with DBK. Regards suryanarayana<br> Discussion Forum - Knowledge Sharing ....