TIOL-DDT 653 · Tuesday, 10 July 2007 · story 2 of 8
Exemption to re-import of goods exported under drawback, rebate or under bond
By Vijay Kumar
As per Notification No. 94/96-Cus., dated 16.12.1996, re-import of exported goods is allowed subject to repayment of the export benefits. Now this Notification is amended to stipulate that if the value of the exported goods was counted towards fulfillment of export obligations, the duty payable on the duty-free inputs obtained from the nominated agencies, should also be payable.
Serial No. 2 of Notification No. , Dated July 6, 2007