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Q 424: A company imported certain compo-nents under payment of duty. These were found to be defective and the overseas supplier is willing to take them back. Please advise how the company can re-turn the components to the supplier? What will hap-pen to the duty paid at the time of import?
A: 1. This has happened to many importers in India.2. Goods imported which are found defective or unfit for use can be re-exported.
3. The importer will require preparing all essential doc-uments as required for exports:a) Export invoice - covering the particulars of defective pieces which are to be exported.b) Exporter can copy several details from the importinvoice.
c) The value of each product will be mentioned as per import invoice.
d) However, the date of export invoice will be currentdate.
e) The country of origin will be that of overseas.
f) Net weight, gross weight should match the import in-voice.g) While preparing export invoice/Customs invoice, a cross reference of import invoice should be mentioned for ease of the transaction.h) The term of payment is to be decided as per the actual commercial situation.i) If no payment is going to be received, then it should be mentioned in the invoice accordingly. GR waiver will be
g) While preparing export invoice/Customs invoice, a cross reference of import invoice should be mentioned for ease of the transaction.
h) The term of payment is to be decided as per the actual commercial situation.
i) If no payment is going to be received, then it should be mentioned in the invoice accordingly. GR waiver will be applicable.
j) No export incentives can be claimed.
k) Please mention in your invoice that this shipment is export of earlier imported goods which were found to be defective.
l) Also provide the details of document of import.
4. Packing list is also required at the time of shipment.
You can follow the packing list which you have received at the time of import.
5. Shipping Bill will be prepared by your Custom Bro-ker based on your invoice. To claim refund of import duty paid earlier, he will mention Section 74 of the Customs Act, 1962.
6. Your Custom Broker will require uploading import related documents for Customs to process your claim of refund of import duty.
7. There will not be a Certificate of Origin. However, based on COO at the time of import, you can obtain a new COO indicating country of origin which is actual. This document is not essential.
8. Export value declaration form is also to be submitted and proper declaration is to be provided.
9. Importer will also require complying with the provi-sion of FEMA.
10. Entries in EDPMS and IDPMS are also required to be knocked off.
Q 425: I would like to know more about WCL and GLN which are global organisations in the field of logistics.
A: WCL1. WCL refers to Worldwide Consultants in Logistics.
A: WCL
1. WCL refers to Worldwide Consultants in Logistics.
2. This organisation was established in 1999 by Hans J. William in Germany.
3. They have 12 offices in different countries and they are continuously expanding.4. They offer various services to logistics partners:
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Recruitment of executives |
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Identifying management professionals |
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Preparing strategy |
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Organising mergers and acquisitions |
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Set-up and operation of NVOCCs |
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Providing supply chain solutions |
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Guiding for documentation |
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Assistance by providing operational instructions |
5. The organisation is managed by professionals.
6. The company uses the latest technology in its opera-tion and thereby gains efficiency and accuracy.
7. They cater to many large global companies.
8. International freight forwarders can associate with WCL for expansion purpose.
9. For more information, you can visit www.wcl.de
GLN
1. GLN refers to Global Logistics Network.
2. It was established in 2003.
3. Their services are extremely useful to:
* freight forwarders
* transportation intermediaries
* logistics companies
* specialised projects
4. They have presence in India too.
5. They provide end-end solutions for issues related to logistics.
6. Global Logistics Network, Inc. (GLN) is an ISO 9001 certified organisation.7. “Power of One” is its philosophy. 8. It has strong knowledge and information base.
7. “Power of One” is its philosophy.
8. It has strong knowledge and information base.
9. It conducts logistics business with international standard efficiency.