Parth Ltd. sent certain goods abroad for repairs. Parth Ltd. has been advised by their consultants that they will have to pay customs duty (i.e.…

Parth Ltd. sent certain goods abroad for repairs. Parth Ltd. has been advised by their consultants that they will have to pay customs duty (i.e. basic customs duty, IGST & GST compensation cess) only on fair cost of repairs, cost of materials used in repairs (whether such costs are actually incurred or not), freight and insurance charges, both ways, on re-import of exported goods under Notification No. 45/2017 Cus dated 30.06.2017 provided they fulfill following conditions: (i) The re-importation is done within 3 years from date of export or, if time is extended, within 5 years. (ii) The exported and re-imported goods are same. (iii) The ownership of goods should not have changed. Which one of the above-mentioned conditions is/are correct? Choose the most appropriate option.