Customs - EOU Exemption - Goods rejected by Foreign Buyer
AS per Sl. No 15 of the Annexure-I of Notification No. 52/2003-Cus dated 31.03.2003, goods reimported by the EOUs within one year from the date of export due to failure of the foreign buyer to take delivery, are exempted from Customs duty.
Now, it is clarified that the goods for which there is failure of the foreign buyer to take delivery shall include goods rejected by the foreign buyer.
Notification No. , Dated: September 13, 2012