Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Export of Rejection Import material

Central Excise - Started By: - Swapneswar muduli - Dated:- 10-1-2016 Last Replied Date:- 12-11-2016 - Dear Sir,We are a manufacturer and we import some RM in our factory in 2012 and we taken the Cenvat Credit on that material. We use these material in manufacture of FG and sell in market after some period we face customer coplain on this product then we testing this product and found that the import material has some defect by which we face the customer complain in market we discuss the import s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tive imported inputs for export without payment of duty under your bond/LUT. Credit earned on the inputs can be utilised for payment of duty on your final products. In this connection please refer to CBEC's Circular No. 345/2/2000 TRU dated 29.8.2000. In para 8 of the said Circular it is stated that Explanation 10 clause (b) of sub-rule (1) of rule 57AB refers to payment of appropriate duty of excise if the inputs or capital goods are removed as such from a factory. It has been pointed out t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r for a manufacturer to remove the inputs or capital goods for export under bond within the Explanation referred to above. Also refer to Chapter 5 Para3.4 of CBE&C's CEx. Manual 2005 which states that there is no bar for a manufacturer to remove the inputs or capital goods as such for export under bond. You have to follow the normal procedure for export. - Reply By Mahir S - The Reply = Swapneswar ji, You intend to re-export imported goods in the same form without carrying out any proces .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tisfy the Customs authorities that the goods you export are the same as the goods imported under a particular bill of entry. Also refer to following link regarding Drawback and examination of goods for purpose of re-export of imported goods : http://bangalorecustoms.gov.in/cus.techso2_2013.pdf - Reply By Swapneswar muduli - The Reply = Dear Mihir Ji,Thank for your advise but our input material are old more than 4 years so Re Export of import material is applicable if we reexport the material wit .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

as per my knowledge LUT grant by Excise Authority to us only for Export of manufactured Goods from our factory without payment of Duty.(3) If we export these materials we don't get any money return the supplier has further send us the Good materials. So how we will submit the Proof of Export to the Excise Department for availing the Excise Benefit ?RegardsSwapneswar Muduli - Reply By Rajagopalan Ranganathan - The Reply = Sir, Q.1: There is no restriction under Cenvat Credit Rules 2004 that t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

executed by you. Cenvat credit taken by you need not be reversed since you are exporting the inputs. Q.3: Regarding realization of export proceeds you may approach RBI to get an exemption under FEMA clearly explaining the circumstance under which you are exporting the imported inputs. You may also mention that you going to get back equal quantity of inputs back from your foreign supplier and this quantity may be treated as export proceeds. Q.3: While submitting proof of export you submit the ex .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version