14 August 2013
Movement of goods from one customs warehouse to another customs warehouse, filed Shipping Bill for export of Duty free goods ex-bond and mentioned amount duty amount (Total Duty Foregone) and sale of value of goods.
But, how this (TDF) is relevant for clearance of goods at the time of Ex-bond B.E.
In the place of TDF words what other words can be used ? Total Duty Involved Rs: --- pl. suggest.
The importer at the time of clearance from Customs Warehouse, has submitted CDEC ( Customs Duty Exemption Certificate) under Cus Nofn. 39/96 for Defence supplies.
AS far as value is concerned, for ex-bond, the value of goods are higher than into bond goods and at the same time duty also proportionately increased.
Our Query is the total duty amount which was shown in the S.B., shall be compared to Ex-bond B.E when the importer clear the goods under Cus Notfn. 39/96 ( fully exempted all duties) & submitted the CDEC .
Is it correct or not ?
It is my opinion that when the goods are got exempted by virtue of Customs notification no. 39/96, the duty amount which was shown in the S.B is not at all comparable with the clearing value of goods and duty.
The above query is raised by the Superintendent of Customs & Central Excise, Hyderabad.