Shivansh Ltd. imported a machine from Germany for 180 lakh during the month of March 2022 on payment of all duties of customs. Due to some technical…

(a) As per Notification No. 45/2017 Cus. dated 30.06.2017, duty payable on re-importation of goods which had been exported for repairs abroad is the duty of customs which would be leviable if the value of re-imported goods after repairs were made up of the fair cost of repairs carried out including cost of materials used in repairs (whether such costs are actually incurred or not), insurance and freight charges, both ways. However, following conditions need to be satisfied for availing this concession: (a) goods must be re-imported within 3 years, extendable by further 2 years, after their exportation; (b) exported goods and the re-imported goods must be the same; (c) ownership of the goods should not change. Since all the conditions specified above are fulfilled in the given case, the customs duty payable on re-imported goods will be computed as under: Particulars ₹ Value of goods re-imported after exports [Cost of materials 10lakh + fair cost of repairs 5lakh + actual insurance and freight 5lakh] 20,00,000 Add: Basic customs duty @ 15% (A) 3,00,000 Add: Social Welfare Surcharge @ 10% on 3,00,000 (B) 30,000 Value for computing integrated tax 23,30,000 Integrated tax @ 12% (₹ 23,30,000 x 12%) - (C) 2,79,600 Customs duty and integrated tax payable [(A) +(B)+ (C)] 6,09,600