Govt. relaxes deadline for re-export of containers used for oxygen transport

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At the moment, containers are allowed to be imported duty-free with the situation of re-export within the subsequent six months.

The customs division has given time until September 30 for the re-export high-quality containers which have been imported for environment friendly transportation of liquid medical oxygen through the second wave of Covid-19 pandemic.

In a round to area formations, the Central Board of Oblique Taxes and Customs (CBIC) mentioned it has acquired representations by way of the Division for Promotion of Business and Inside Commerce (DPIIT) for offering relaxations within the re-export of ISO containers imported quickly for combating the COVID-19 pandemic.

Such containers have been used for environment friendly transportation of liquid medical oxygen as a result of inherent benefit associated to multi-modal transportation (by highway/rail/waterways/airways).

“Board hereby guides all the sector formations to permit extension of time interval for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen grade, …. until September 30, 2022, upon receipt of requests from the importers,” the CBIC round mentioned.

At the moment, containers are allowed to be imported duty-free with the situation of re-export within the subsequent six months.

If they don’t seem to be re-exported inside six months or the time restrict as given by the CBIC, import obligation is levied on such containers.

When the lethal second COVID-19 wave hit India in April-Might final yr, there was an enormous surge in oxygen demand and the federal government had taken a number of steps to extend home availability of medical oxygen.

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