We are an Export Oriented Unit (EOU). We are a re-processor of waste and scrap of nylon/plastic. We purchase excise duty-paid waste from domestic as well as imported waste and scrap (PP & PE) on payment of all import, customs duties, etc. We want to sell the goods as per para 6.8 (h) & para 6.9 (b) of Foreign Trade Policy 2009-14. Since we have paid import duty on raw materials, can we clear the finished goods duty free or at a concessional rate of duty in the domestic tariff area (DTA)? If we export our finished goods, can we get rebate/refund of duties paid on import of goods? Please provide your advice with specific provisions or scheme, circulars, notification, etc.
This has been excerpted from the 13 January 2015 issue of Business Standard and is available in its entirety at:
http://www.business-standard.com/article/management/rethinking-cost-cutting-114062900695_1.html