TMI Blogkindly adviseX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Madam/ Sir, We have imported new machine from United Kingdom in Financial Year 2015-2016. Now company will be dissolved. So, we are re-exporting same machine to Germany buyer is same. But export destination is different is now Germany. At the time of customs clearance we have paid Basic Custom Duty @5%. Kindly advice, Custom Circular or notification number enabling us to claim Duty Drawbac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k and MEIS. Or advice us procedure, how will get refund of basic custom duty under current foreign trade policy Regards Harkirat singh Harkirat957@gmail.com - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please refer to Imported Goods (Drawback of Customs Duties) Rules, 1995 notified with effect from 26.05.1995 for detailed procedure for claiming the ndrawback. - Reply By rag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hunandhaanan r vi - The Reply = Hi I assume the duty rate @ 5% is the normal duty and not availed under any conditional notification You can re-export the goods by claiming duty drawback under Section 74 of customs act read with Duty drawback Rules for re-export of imported goods. MEIS not available since you are re-exporting goods of foreign origin - kindly advise - Query Star ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted By: - harkirat singh Dated:- 15-12-2018 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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