Importers can avail benefit of two exemption notifications simultaneously on same imports
Business Standard|November 26, 2024
We had exported certain goods last year under LUT, in discharge of obligation against our advance authorisation that has since been redeemed after receipt of payment from the buyer.
T N C RAJAGOPALAN
Importers can avail benefit of two exemption notifications simultaneously on same imports

Now the buyer asked us to take back the same goods because for some reason he does not need them. We are ready to buy it at a much lower price than the price at which we exported the goods because the prices of such goods have fallen in the international market. Can we then import such goods on payment of full duty on the transaction value?

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