Sale of Bonded Foods

This query is : Resolved

Shashank Bhushan (Querist)
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16 October 2009 If we have imported a capital goods in bonded weare house & use in production for 10 year. at prasent the company have no business due to that company surrendr the STPI licence with authorty & all the goods are debounded from coustem,
in this situation please advice on below mention point
1. we can sale the debonded goods in open market.
2. if yes what the proceduer. if no.
3. how can dispose the goods.

ANIL JANGID

ANIL JANGID (Expert)
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03 November 2009 Imported Capital Goods can be re-exported from such units with the permission of the AC.You can also sale the same capital goods to any unit of stpi without payment of duty, Such materials can also be cleared into DTA on payment of duty with the permission of Development Commissioner and the AC.