The government has relaxed the norms for exported electronic goods, like mobile phone, colour TV, certain medical devices, which need to be imported back for repairs.
In a recent report PTI stated that, as per the notification issued by the Central Board of Indirect Taxes and Customs (CBIC), these goods can be imported duty-free with the condition that they will be re-exported after repairs.
The exported electronic goods can now be imported back for repairs within 7 years of its export. Such goods have to be exported back within one year of the import, the notification said. Earlier, the CBIC permitted imports of such goods within 3 years of their exports and the time period for repair and re-export was 6 months.
The notification will cover goods like xerox machine, printers, mobile phones, colour TV, LCD/LED panels, and medical devices such as hearing aid, ECG and ultrasound machine, MRI apparatus.
The importers of goods for repairs will have to execute a bond to re-export the goods after repairs or reconditioning within one year of import. If they fail to do so, they will have to pay customs duty, the notification said.