TaxTMI 
TaxTMI 
TaxTMI 
Treatment of reimport for processing & re-export-Reg.
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....reatment of reimport for processing & re-export-Reg.<br> Query (Issue) Started By: - RAM SHARMA Dated:- 7-2-2017 Last Reply Date:- 23-2-2017 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Dear Experts, We have exported our goods in april 2016 under rebate claim of excise duty. we have received all claims and incentives from the department. Now, due to some quality constraint we have import t....
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....he same goods (re import for reprocessing and re-export) after paying all custom duty. 1) Whether we can take cenvat credit on such cvd and additional duty on such goods and can treat as a purchase ? 2) Whether we have to reverse excise duty claim and other export incentive received by the department ? 3) Whether we have to book sales return ? Please clarify. Thanks & Regards Reply By YAGAY ....
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....AND SUN: The Reply: Replies to your query:- * On rejected goods when received by you, you can CENVAT credit under the Provisions of Rules 16 of the CENVAT credit Rules, 2004. * You have to reverse or payback all export incentives along with interest at applicable rates on such rejection of imported goods. * Yes, you would have to treat it as sales return. Reply By Suryanarayana Sathineni: ....
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....The Reply: Dear Friend, It is not clear from your query under which Notification you have re-imported the material ? However, if you clear under Notification 94/96-Cus on surrender of the export incentives + Rebate etc under the head CVD, then you are eligible for credit If you have re-imported under Notification No. 158/95-Cus for re-process and re-export on execution of a Bond, you cannot av....
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....ail cenvat since you have not paid any duties.<br> Discussion Forum - Knowledge Sharing ....