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Import of rejected goods export to buyer, Customs - Exim - SEZ

Issue Id: - 114095
Dated: 29-8-2018
By:- harkirat singh

Import of rejected goods export to buyer


  • Contents

Dear Sir,

We have Exported Goods to our buyer in Australia under GST scheme(under Drawback and MEIS). Buyer has rejected exported goods and now we have import these goods, to check status

Perhaps we will use in domestic market or if goods found in good condition. We will re-export these goods to another buyer.

Kindly advice following :-

1) Time Frame for import of rejected goods

2) procedure to import rejected goods.

Kindly advise in Details.

Regards

Harkirat Singh

Harkirat957@gmail.com

Posts / Replies

Showing Replies 1 to 5 of 5 Records

Page: 1


1 Dated: 29-8-2018
By:- Ramaswamy S

2 Dated: 29-8-2018
By:- DR.MARIAPPAN GOVINDARAJAN

3 Dated: 29-8-2018
By:- Yash Jain

Dear Sir,

As per RBI circular on export of goods and services the realization for goods exported should be realized within 270 days from export of goods. This can further be extended to 6 months by AD bank.

Now as you have exported the goods it will be captured by customs and reported to RBI in edpms system. This edpms report will be used by AD bank to follow up for overdue bills. In this case you have 2 options and as under,

1. Show the same goods as import from same party and inform AD bank to knock off the export bill against this import. (Import is captured in IDPMS and ad bank will knock of edpms against IDPMS).This is permitted by RBI in its circular in "netting of export / import against same person"

2. In case you are anticipating that another buyer will be there, then first seek extension for realization of export proceed from AD bank for further 6 months and find another buyer. In this case as the remittance is coming from person other than original buyer mentioned on shipping bill AD bank will ask for proof (As it is 3rd Party remittance). Hence as documentation take on "original buyers letter head his correspondence/reason for rejection" Then make another commercial invoice/enter into contract with another buyer and submit all these documents to AD bank for your bill regularization. This will clear your edpms outstanding. (**If "any" export bill is outstanding for more than 2 year then the exporter is caution listed by RBI. Exporter will not be given PCFC facility (will be given only for LC based order), Exporter will not be able to export on credit).

For MEIS : If exporter has not realized then please surrender mein.

For Drawback : It is generally given only after producing BRC, so you may have not received the said.

For GST : Reverse your ITC to the extent of goods exported but not realized. Also please clear all your edpms outstanding or else you will receive notices from GST department for reversal of ITC.

Rgds


4 Dated: 29-8-2018
By:- DR.MARIAPPAN GOVINDARAJAN

Useful information. Thanks Shri Yash.


5 Dated: 23-2-2019
By:- Rajneesh Kumar

Dear Mr. Yash Jain,

Many thanks for clear and simple explanation, I appreciate.

I have a question regarding the last point pertaining to IGST, "For GST : Reverse your ITC to the extent of goods exported but not realized."

We made export after paying IGST and later claimed refund. We checked Circular no 45/2017-customs also. So we understand that we need to pay back the IGST refunded. Kindly advise:

- Where to show this IGST (returned to government) in GST return?

- How will we get this IGST (returned to government) refund?

I thank you in advance for the reply.

Best Regards


Page: 1

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