Re-Export of goods imported under reward schemes and DEPB - CBEC Clarifies

By Vijay Kumar

THE CBEC has clarified that in respect of reward schemes specified under Chapter 3 of FTP and DEPB scheme, re-export of imported goods, which are found to be defective /unfit and/ or for re-export on account of any other reason, may be permitted by the Commissioner of Customs, subject to fulfillment of the following conditions:

++ re-export of goods shall take place from the same port from where the goods were imported;

++ the goods are re-exported within 6 months from the date of import;

++ the Asstt. /Dy. Commissioner of Customs is satisfied about the identity of the goods;

++ The goods are not put into use after import;

++ At the time of allowing the re-export, Customs shall issue a re-credit Certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods. There shall be no need for issue of fresh scrip in such cases by DGFT regional offices;

++ Customs shall permit use of the said re-credit amount to the extent of 98% only;

++ The validity of re-credit certificate shall be for six months from the date of issuance of re-credit certificate; and

++ The remittances have to be properly accounted for as per the prevalent guidelines for the import and the export of the goods.

CBEC Circular No. 45/2011 - Cus Dated: October 13, 2011