TaxTMI 
TaxTMI 
imported goods rejection
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....mported goods rejection<br> Query (Issue) Started By: - SujitK Mishra Dated:- 13-7-2023 Last Reply Date:- 16-7-2023 Customs - Exim - SEZ<br>Got 5 Replies<br>Customs<br>Dear Sir, we are importers of mechanical parts, we imported some screws from the Netherlands which got rejected. Recently our supplier informed us to scrap these screws (shipment weight 3 kg only). Now our bank (ICICI bank has bee....
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....n asking us to pay the supplier. How to handle this please guide. Sujit K Mishra ISE BOTECO Tekplast India Pvt Ltd Chandigarh 9915178662 [email protected] Reply By KASTURI SETHI: The Reply: Sh. Mishra Ji, The bank is legally right. The amount in question should not remain outstanding. It has to be settled. You have two options :- 1. Persuade the exporter (outside India) to issue credit not....
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....e. 2. Re-export the defective goods and claim drawback (98% of duty paid). For re-export of defective imported goods, procedure is laid down in Circular No. 45/2011-Cus., dated 13-10-2011 Reply By raghunandhaanan rvi: The Reply: It is not clear whether the goods have been customs cleared by the importer and duty paid. Goods if cleared, the following options are available to the importer * R....
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....e-export the defective goods to the seller for a free replacement OR * Abandon or relinquish the title of the goods to customs * within 30 days of import clearance or such extended period, the Commissioner of Customs may allow in terms of Section 26A * And claim a refund of the duty so paid * Receive free replacement goods * Approach AD bank to make import remittances based on these docu....
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....ments Reply By KASTURI SETHI: The Reply: Dear Sir, Thank you very much for detailed reply. Reply By Shilpi Jain: The Reply: You could consider getting a credit note from the foreign supplier Reply By raghunandhaanan rvi: The Reply: Yes Shilpa ji ..Thank you Shri. Kasthuri Sethi Saab and Shilpa ji mam.<br> Discussion Forum - Knowledge Sharing ....