TaxTMI 
TaxTMI 
PROCEDURE TO BE FOLLOWED IN RE-EXPORT OF IMPORTED GOODS UNDER SECTION 69 OF THE CUSTOMS ACT, 1962
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.... SUBJECT: PROCEDURE TO BE FOLLOWED IN RE-EXPORT OF IMPORTED GOODS UNDER SECTION 69 OF THE CUSTOMS ACT, 1962-REG. The trade has represented that in the case of export of warehoused goods under Section 69 of the Customs Act, 1962, whenever there is involvement of two Custom Houses, lengthy procedures are being followed and it entails lengthy procedures of documentation and they are required to obta....
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....ication shall be given is mentioned at Annexure A, wherein all required information like bond number, description of goods etc are to be mentioned. The AC/DC (Bond) may, after causing verification of physical availability of the said goods in the bonded warehouse, allow export of the said goods subject to the following conditions:- (i) On re-export, the exporter realizes full foreign exchange ....
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.... which will be handed over to the representative of the Bonder-Exporter in sealed cover. B. After obtaining the permission for export the party shall submit the permission letter to the AC/DC (Export) where from export will be affected, in prescribed format (Annexure C) along with required documents and simultaneously the party will file the Shipping Bill. C. The Shipping Bill (Manual/EDI as p....
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.... Bond Register maintained at the Bonded Warehouse. He / She will enter the Shipping Bill No. and quantity of the warehoused goods to be exported in the prescribed column. Then the Bond Officer will allow the movement of goods either under preventive supervision or under punch seal to concerned Customs House, as per the requirement of the party. E. After receiving of the goods at export port, the....