The government has extended the window for the re‐export of products imported by the railways industry, Finance Minister Nirmala Sitharaman said on February 1 while presenting the Budget for 2025-25.
"To promote domestic railways, I propose to extend the period for export of goods imported for repairs from six months to one year," Sitharaman said as she presented the first full Budget of Modi 3.0.
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The Budget also proposes to extend the time limit for re-import of goods for repairs under warranty from three to five years.
Re‐exporting is the process of sending back goods imported for specific purposes like jobbing, execution of a contract, servicing/repairing of machineries, display in fair/exhibition, etc.
Re-exporting is also done when indigenously manufactured goods are returned after export and re‐imported for repairs, reprocessing, etc due to defects, not meeting buyer’s requirement or other reasons.
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