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Removal of Goods to Foreign Warehouse - Rejected

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..... Removal of Goods to Foreign Warehouse - Rejected
Query (Issue) Started By: - Pradeep Jain Dated:- 19-1-2017 Last Reply Date:- 21-1-2017 Central Excise
Got 5 Replies
Central Excise
Dear Sir, Removal of Goods to our Foreign Warehouse . We have send the same under ARE-1 and Letter of Under Taking submitted to the Excise Department. Some of goods were reject by the Customer and we are n .....

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..... ot able to take the delivery of the same. The same will be scrapped at abroad . Qurery is that:- 1- do we need to pay excise duty along with interest of the rejected goods laying at Foreign Warehouse. 2- Is there any Sales Tax obligation ? Kindly advise. Regards Pradeep Jain Reply By MUKUND THAKKAR: The Reply: 1- do we need to pay excise duty along with interest of the rejected goods layin .....

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..... g at Foreign Warehouse. Need not to pay any excise duty if goods has been rejected by overseas buyer and laying at Foreign warehouse. 2- Is there any Sales Tax obligation ? No. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Mukund Reply By Rajagopalan Ranganathan: The Reply: Sir, As long as the exported goods are rejected and kept as scrap in a foreign country, .....

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..... still it is export of goods and no central excise duty or vat is chargeable on the same. if the scrapped goods are returned /re- imported by you then the treatment will be different under Customs Act. Reply By Mahir S: The Reply: If BRC is not received for the said exported goods, then excise duty amount thereon is liable to be paid/debited with interest. Reply By YAGAY AND SUN: The Reply: Pr .....

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..... oportionate Export Incentives also need to be paid back along with interest if availed.
Discussion Forum - Knowledge Sharing .....

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