Treatment of reimport goods for processing & re-export-reg.

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Dear Experts, We have exported our goods in april 2016 under rebate claim of excise duty. we have received all claims and incentives from the department. Now, due to some quality constraint we have import the same goods (re import for reprocessing and re-export) after paying all custom duty. 1) Whether we can take cenvat credit on such cvd and additional duty on such goods and can treat as a purchase ? 2) Whether we have to reverse excise duty claim and other export incentive received by the department ? 3) Whether we have to book sales return ? Please clarify. Thanks & Regards
Replies (1)

1. There is no need to pay duty on import of exported goods if the goods will be re-exported after rework.  If paid you can take credit.

2. Yes. You have to reverse the incentive like drawback etc., at the time of import.

3. Yes.  You have to intimate your range office, the supdnt of c.ex will be verified goods.

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