WLPL Eligible for Exemption Under Notification 32/97-Cus, Subject to Re-Export & Value Addition Compliance: CAAR

In re Wabtec Locomotive Private Limited (CAAR Delhi) Customs Authority for Advance Rulings (CAAR) in Delhi has issued a ruling clarifying the eligibility of Wabtec Locomotive Private Limited (WLPL) to avail duty exemption under Notification No. 32/97-Customs dated April 1, 1997, for importing parts for “jobbing” purposes. The ruling, in the case of In re Wabtec Locomotive Private Limited, outlined the conditions for availing the exemption and addressed the treatment of “Free of Cost” (FOC) imports. WLPL had sought an advance ruling on several points, including duty draw...