Reimports of Goods Exported for Projects

Covers reimport of goods not produced or manufactured in India and which are exported out of India for executing contracts abroad. Duty not payable on reimports. Conditions to ensure that imported goods are the same as exported goods.

Ntfn 241 The Central Government, hereby exempts the goods
04.11.82 specified in column (1) of the Table annexed hereto, from the
payment of so much of the customs duty leviable thereon as is specified in column (3) of the said Table, subject to the limitations and conditions specified in column (2) thereof, namely:-

1. Goods

Goods not produced or manufactured in India and on which duty of customs leviable has been paid at the time of their importation into India and which are exported out of India for the execution of a contract approved by the Reserve Bank of India in connection with any commercial and industrial (including constructional) activities.

2. Limitation and Conditions

Provided that the proper officer of Customs is satisfied -

(1) as to the identity of the goods;

(2) that no drawback of duty was claimed or paid on their export out of India prior to their present importation;

(3) that the project has a specific approval of the Reserve Bank of India;

(4) that the ownership of the goods has not changed between the time of export and re-import.

3. Extent of Exemption

(i) In the case of goods on which any alterations, renovations, additions or repairs have been executed subsequent to their export, so much of duty of customs as is in excess of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), the integrated tax leviable thereon under sub-section (7) of section 3 of the said tariff Act which would be leviable if the value of the goods were equal to the cost of such alterations, renovations additions or repairs while the goods were abroad;

(ii) in other cases, the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and the whole of the additional duty leviable thereon under Section 3 integrated tax under sub-section (7) of section 3 of the said Customs Tariff Act, 1975.

Notification History: Original No/Date: 241/04.11.82

Amended by 101/05.04.83; 43/30.06.2017