TMI BlogExemption to re-import of goods exported under duty drawback, rebate of duty or under bond on or after the 1st July 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... and specified in column (2) of the Table below when re- imported into India, from so much of the duty of customs leviable thereon which is specified in the said First Schedule , and the 1 [***], integrated tax , compensation cess leviable thereon respectively under sub-section (7) and (9) of section 3 of the said Customs Tariff Act , as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table. Table Sl.No. Description of goods Conditions (1) (2) (3) 1 Goods exported - (a) under claim for drawback of any customs or excise duties levied ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... port have been made; (iii) The importer had intimated the details of the consignment re-imported to the Assistant Commissioner of Customs or Deputy Commissioner of Customs in charge of the factory where the goods were manufactured or the premises from where the goods were supplied and to the licensing authority regarding the fact of reimportation and produces a dated acknowledgement of such intimation at the time of clearance of goods; (iv) The manufacturer- exporters may be permitted clearance of such goods without payment of Central Excise duty or integrated tax and compensation cess under transit bond to be executed with the Customs authorities at the port of importation, such bond will be cancelled on the production of c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ification, Special Economic Zone has the meaning assigned to it in clause (za) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005) 5 Goods other than those falling under Sl. No. 1, 2, 3 and 4 Nil : Provided that the Assistant Commissioner of Customs/ Deputy Commissioner of Customs is satisfied that- (a) in the case of Bhutan, the machinery and equipment other than those exported under Duty Exemption Scheme(DEEC/Advance Authorisation/DFIA) or Export Promotion Capital Goods Scheme(EPCG) or Duty Entitlement Passbook Scheme(DEPB) or 7 [ any scheme of Chapter 4 ] of Foreign Trade Policy are re-imported within seven years after their expor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of such goods and re-import thererof; (f) in the case of the goods falling under Serial numbers 1 and 3 of the Table and where the value of exported goods was counted towards fulfillment of export obligation, the amount of customs duties leviable on the duty-free inputs obtained from Nominated Agencies but for the exemption availed under the Ministry of Finance (Department of Revenue) notification No. 56/2000-Customs dated the 5th May, 2000 [vide G.S.R. 399 (E), dated the 5th May, 2000] and notification No. 57/2000-Customs dated the 8th May, 2000 [vide G.S.R. 413 (E), dated the 8th May, 2000] shall also be paid in addition to amount of duty specified in column (3) of the Table; (g) in the case of goods falling under Sl. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 1565 (E). dated the 31st March, 2023; ] (c) 'Nominated agencies' means,- 9 [ **** ] (ii) 10 [ The Handicraft and Handlooms Exports Corporation of India Ltd ] 9 [ **** ] (vi) MSTC Ltd; (vii) Diamond India Limited (DIL); 9 [ **** ] (ix) any bank as authorised by Reserve Bank of India as Nominated Agency. 3 [ (d) on recommendation of the GST Council, for removal of doubt, it is clarified that the goods mentioned at serial numbers 2 and 3 of the Table, are leviable to integrated tax and cess as leviable under the said Customs Tariff Act, besides the customs duty as specified in the said First Schedule, calculated on the value as specified in column (3), and the exemption, under said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification No. 01/2015-2020, dated the 1st April, 2015 ; 9. Omitted vide NOTIFICATION NO. 46/2023-Customs dated 26-07-2023 w.e.f. 27-07-2023 before it was read as, (i) Metals and Minerals Trading Corporation Limited (MMTC); (iii) State Trading Corporation (STC); (iv) Project and Equipment Corporation of India Ltd. (PEC); (v) STCL Ltd; (viii) Four Star Export House from Gems Jewellery sector and Five Star Export House from any sector as may be recognised as nominated agencies by Regional Authority in terms of the Foreign Trade Policy; 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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