Re-Export

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Important note: This article is a part of the project, Products of Sri Lanka Customs.

If the imported goods are expected to export without any value addition or without any processing then they are processed under Re-Export. The imported goods can be stored in a Customs Bond until they are exported.



Basic Procedure

  1. Import the cargo.
  2. If the storage duration is less than 21 days do as transshipment instead and exit this process. (see MCC)
  3. Bond the cargo. (Public, Private) - Importers can utilize warehousing facilities of the Public Bonds with concurrence of the Sri Lanka Ports Authority and process documents for re-export of goods at Customs Bonds Division.
  4. Export with EX3 procedure. A valid CHA holder should pass the entry at Export Division of Customs with the Customs Procedure Code (CPC) 3040-000 with the necessary documents.
  5. One tenth of the duty payable and nine tenth of duty refundable for the import. No Customs duty for the exports.


Bonds

Public Bonds
The operator has to apply and book the space in a public bonded warehouse. (See MCC section for booking space and applicable charges)
Private Bonds
Customs no more approves private bonds. But the operators can still apply for a private bonded warehouse. (There are approved private bonded warehouse owners for various commodity types. The operator cannot store a particular commodity type in a private bonded warehouse if the selected warehouse is not approved by the Customs for the same commodity. If the operator needs to store the goods in a 3rd party owned warehouse then the consignee in the CusDec should be the 3rd party. Otherwise it is not possible to pass the To-Bond CusDec.)

Documentation

Re-Export of Items Imported On No-Exchange Involved Basis

  1. Documentary evidence of import:
    • Customs entry
    • Customs stamped invoice
  2. A recommendation for the re-export from the line Ministry or Department in the case of project equipment.
  3. Re-export invoice.
  4. Bank guarantee of the confirmation of the payment.

Re-Export of Defective Items Imported On Exchange Involved Basis For Replacement or To Obtain A Refund of Value of Items

The following documents may be useful in considering such requests for re-exports:

  1. Documentary evidence of import:
    • Customs entry
    • Customs stamped invoice
  2. A letter from the original supplier confirming that a replacement for the re-exported item will be supplied or the value of the goods re-exported will be refunded to the buyer in Sri Lanka.
  3. Re-export invoice.

Re-Export of Items for Repair and Return Where Originals of Customs Entries and Import

In considering such requests, the following documents are needed:

  • Acceptable evidences of importation
  • A letter from the person/institution abroad who undertakes the repair confirming that they undertakes to repair such defective or damaged items.

Export of Human Remains of Non-Nationals and Their Personal Effects

Following documents are required:

  • Original death certificate
  • In case of personal effects of deceased, acceptable documents for the export of personal effects.
  • List of personal effects

Re-Export of Items Which Were Purchased Abroad and Brought In By Individuals When They Arrive In Sri Lanka

  • Evidence of import: Customs endorsement on passport/custom entry/purchase receipt issued in the name of the applicant by the foreign seller.
  • A list of articles.

Terms

Customs reviews the Re-Exporting price. If the Re-Exporter is not getting a good price (at least to the true accumulated value of goods) then Customs will not allow the re-export.

Options Available

FRIC (Free Re-Importation Certificate)

Articles of foreign production re-imported upon which import duty has previously been paid admitted duty free upon re-importation provided.

  1. That the article is one which can be readily and unmistakably identified.
  2. That the collector of Customs is satisfied as the identity of the article by proofs that it was satisfaction of the collector of Customs.
  3. That if so required proof of the previous payment of duty is furnished to the satisfaction of the Collector of Customs.
  4. That no drawback of duty was paid on the export of the article.
  5. That there has been no change of the ownership between the time of export and subsequent re-import.
  6. That the articles is,
    • The private property of any person or a body of persons or,
    • Merchandise for sale, sent out of the island “on approval”.
  7. That not more than two years have elapsed since the article was exported unless such period is specially extended by the Principal Collector.
  8. That the article is re-imported unchanged in form and condition except to the extent of such reasonable repair as does not involve the substitution or addition of any appreciable quantity of new material or in any way affect the identity of the article, or the possibility of identifying it. If any repair is done to the article then the total value addition or expense of the repair should not exceed 50% of the total value of the article.




--Gishan Chaturanga 17:17, 10 July 2012 (IST)