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PROCEDURE TO BE FOLLOWED IN RE-EXPORT OF IMPORTED GOODS UNDER SECTION 69 OF THE CUSTOMS ACT 1962-REG.

Customs - 07/2015 - Dated:- 16-3-2015 - OFFICE OF THE COMMISSIONER OF CUSTOMS NEW CUSTOM HOUSE, PANAMBUR, MANGALORE-10 Ph No. 0824-2400437; Fax No. 0824-2400437/ 2406057; S-03/08/2015-Bonds Date : 16.03.2015 PUBLIC NOTICE NO. 07/2015 SUBJECT: As the trade has requested clarification regarding the procedure of export of warehoused goods under section 69 of the Customs Act, 1962, the following new procedure is prescribed for export of warehoused goods as envisaged under Sec 69 of the Customs Act, .....

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warehouse, allow export of the said goods subject to the following conditions: (i) On re-export, the exporter realizes full foreign exchange spent on import in freely convertible foreign currency, if the goods were imported on payment in freely convertible foreign currency; and (ii) The import in the first instance was not-unauthorized or in contravention of the Foreign Trade Policy (FTP). (iii) After, the grant of permission for re-export, the Inspector of the bond section will make a provisio .....

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rter in sealed cover. 2. After obtaining the permission for export the party shall submit the permission letter to the AC/DC (Export) wherefrom, export will be affected, in prescribed format (Annexure C) along with required documents and simultaneously the party will file the Shipping Bill. The Shipping Bill (Manual / EDI as per the practice followed) will be generated in the concerned Export Commissionerate i.e. (port of loading). The party shall submit the file including the Shipping Bill and .....

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forwarded by the Import bond section and the export section wherefrom bonded goods are to be exported and make the entries in the bond register maintained at the Bonded W/H. He / She will enter the Shipping Bill number and quantity of the warehoused goods to be exported in the prescribed column. Then the bond officer will allow the movement of goods either under preventive supervision or under punch seal to concerned Customs House, as per the requirement of the party. 4. After the receipt of the .....

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ustom House or from some other Custom House. 6. The aforesaid procedure shall come into force with immediate effect and shall be followed by members of trade. 7. Any difficulty noticed in the implementation of this order may be brought to the notice of the undersigned. (D.PURUSHOTHAM) COMMISSIONER ANNEXURE A To The AC/DC Import Bond Section NCH, Panambur Manguluru. Sir, Sub: Permission to export of warehoused goods under section 69 of the Customs Act, 1962- reg. Kindly refer to the above mention .....

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