Customs - Board's Circulars07.01.1993
Re-export - Import of goods for the purpose of re-export.
Document Text
F. No. 473/83/92-LC 07-01-1993 Sub: - Import of goods for the purpose of re-export - Instructions- Regarding. Representations have been received by the Board for granting permission for import of items for subsequent re-export. It has been stated that all expenses towards port handling, standardization, re-export etc., would be paid in foreign currency. Further the Hand book of Import Policy provides for import of items and their subsequent re-export if there is a value addition of 5%. In this connection, I am directed to say that the goods meant for re-export are already covered under Section 61(1) (a) of the Customs Act, 1962 by virtue of Notification No. 10/92 dated 17/02/92. The Board has therefore, considered the matter and decided that: (a) (b) (c) Where such an activity is proposed with sufficient value addition as prescribed for in the Import Policy, this may be permitted subject to the condition that in cases of items which are restricted for import, the clearance of CCI & E may be obtained. Such facilities may be allowed in public bonded warehouses with safeguards to ensure that items are not removed illegally from the Customs bond for home consumption; and Where such operations are sought to be carried out in a private bonded warehouse, the importer/exporter may approach the Board for granting of such facility.
Source: Government of India — Customs - Board's Circulars, dated 07.01.1993. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.
HS Codes Referenced
19621993
Acts & Provisions Referenced
- Customs Act, 1962 by virtue of Notification No.
Need the current duty rate?
Calculate the full duty cascade — BCD, SWS, IGST and trade remedies — for any HS code, free.
Open duty calculator