Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Drawback U/S 74 of the Customs Act in respect of Re-exported Goods, Customs Circular No 72/2002, 01-11-2002



Date: 01-11-2002
Notification No: Customs Circular No 72/2002
Issuing Authority: Indian Customs  
Type: Circular
File No:
Subject: Drawback U/S 74 of the Customs Act in respect of Re-exported Goods
Drawback U/S 74 of the Customs Act in respect of Re-exported Goods

Customs Circular No. 72 dated 1st November 2002

ASSOCHAM have represented to Board that member exporters are facing difficulties in availing duty drawback in respect of goods, which were imported earlier and are subsequently re-exported under section 74 of the Customs Act. It is reported that in such cases Customs insist that for the purpose of availing drawback under section 74, the goods should be re-exported back to the same supplier who has supplied the goods. In some cases Customs is reportedly that for the purpose of availing drawback u/s 74, re-export of the goods imported earlier should take place from the same port through which the goods were imported.

2.      The issued is examined. Drawback on re-export of goods (which were imported earlier) is eligible in terms of Section 74 of the Customs Act and re-export of imported goods (Drawback of Customs Duties) Rules, 1995 outline procedure to be followed for availing drawback. Customs notifications have also been issued u/s 74 of the Custom Act specifying the percentage of duty drawback, which is available in respect of such re-exported goods. Neither Section 74 nor relevant Rules or Customs Notification require that for the purpose of availing drawback u/s 74 of Customs Act, the goods should be re-exported back to the same supplier or that such re-export should only take place from the port through which the goods were imported earlier.

3.      It is, therefore, clarified that so long as the conditions specified in Section 74 of Customs Act, Re-exported of Imported Goods (Drawback of Customs of Customs Duties) Rules, 1995 and relevant notification issued under section 74 are fulfilled, drawback u/s 74 should be allowed on merits without insisting on re-export of goods to the same supplier or the re-export should take place from the same port.

4.      Suitable Public Notice for the Guidance of Trade and Standing Order for customs field officers may be issued.

5.      Receipt of this Circular may kindly be acknowledged.

       

DO YOU NEED HELP?

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 21-04-2017
Customs Notification No. 17/2017
Seeks to exempt goods, falling under the First Schedule to the Customs Tariff Act, 1975, when imported into India by or along with a unit of the Army, the Navy, the Air Force or the Central Paramilitary Forces on the occasion of its return to India after a tour of service abroad, from basic customs duty (BCD), CVD and SAD subject to the specified conditions.

Date: 21-04-2017
Trade Notice No. 04/2018
Consideration of applications for grant of Licences/ Authorisations for import of “Gold Dore”

Date: 20-04-2017
Notification No.40/2017 - Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 21st April, 2017

Date: 20-04-2017
Customs Notification No. 16/2017
Seeks to exempt goods falling under chapter 30 of first schedule of Customs tariff Act 1975, for supply under Patient Assistance Programme run by specified pharmaceutical companies

Date: 19-04-2017
Customs Instruction No. 05/2017
Meeting with representatives of Foreign Missions -reg.

Date: 19-04-2017
DGFT Notification No. 03/2015-2020
Exemption from the application of quantitative ceiling and export bans on export of organic agricultural products (wheat, non-Basmati rice) and organic processed products (edibleoils and sugar) and enhancement of quantitative ceiling on export of pulses & lentils

Date: 19-04-2017
Customs Circular No. 15/2017
DRescinding Board Circular F. No. 528/213/87 - Customs (TU)

Date: 19-04-2017
DGFT Public Notice No. 02/2015-2020
Amendment in Standard Input Output Norms A-39 under Chemical & Allied Product Group –reg

Date: 18-04-2017
Customs Notification No. 14/2017
Amendment to Notification No.41/1999-Cus to align the said notification with para 4.36 of FTP 2015-20 by omitting the word 'for export' in the proviso to the notification

Date: 13-04-2017
DGFT Notification No. 02/2015-2020
TRQ for Raw Sugar: Amendment in import policy of raw sugar classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017–Schedule–1 (Import Policy