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Export of Imported Goods: Goods imported may be exported in the same or substantially the same form, without a licence provided they are not under the Negative Lists. Export of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency. However, if such goods are exported against payment in Indian Rupees, they shall be subject to a minimum value addition of 100%. This can be done provided the item to be exported is not in the Negative Lists.
Goods including those in the Negative Lists may be imported for export in freely convertible currency without a licence subject to the following conditions:
i. There is a minimum value addition of 10%
ii. The goods shall be imported under customs bond
iii. Import and subsequent export of the goods shall be made from the same customs bonded premises; and
iv. Such goods shall not be taken outside the customs bonded premises.
CUSTOMS CLEARANCE FORMALITIES : 'Under Section 40 of the Indian Customs Act, an overseas carrier cannot permit loading of goods without permission from the customs authorities. Th
Prohibition of Export : Export of all goods either directly or indirectly to any place outside India other than Nepal and Bhutan is prohibited unless the exporter furnishes to the
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