What is the difference between re-exports and re-imports

The information provided here is part of Guide on howtoexport and import 

What is the difference between re-exports and re-imports

The term re import and re export are used in international trade commonly. Let us distinction between re exports and re imports with simple example below.
In simple terms, let me describe about re exports. If you categories exports as foreign goods and domestic goods, the export of foreign goods is called re-exports. This is the simplest method of understanding about re-exports. If any goods imported from another country (it becomes foreign goods) and thereafter exporting back, such goods are fell under re exports. For example, a machinery has been imported in to a country for testing purpose and after necessary testing, the said machinery is sent back. Here, the process of sending back such machinery is called re-exports.
If you categories imports as foreign goods and domestic goods, the import of domestic goods is called re-import. This is the simplest method of understanding about re-import. If any goods of a country is exported to another country and thereafter importing back the same goods, such goods are fell under re imports. For example, a machinery has been exported to a country for testing purpose and after necessary testing, the said machinery is returning back to the country. Here, the process of returning back such machinery is called re-imports.
In many cases re-imports and re-exports happen as the exported goods are not satisfied with quality measures, goods exported not matching with the buyer’s requirements, goods exported for specific purpose like project, exhibition etc.

 

The above information is a part of Online export import training guide 

Other posts about Import Export online tutorial

Difference between EGM and shipping bill
Difference between shut out cargo and short shipment cargo
Export customs clearance procedures and formalities in India
Do pro- forma invoice accepts for import customs clearance?
Transferability of Bill of Lading
Difference between importer and Consignee
How to start Export Business?
How to get Export Orders?
What are the risks and solutions in Export Business?
Click here to know India Trade Classification(ITC)
Service Tax - Click here to read complete notification under Budget 2014
What is Bank post shipment credit to exporters?
Types of export containers
Measurement of export containers
Exim Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

Importation of salt, earth stone, lime cement
 How to import Tobacco and Tobacco Substitutes   
 Tips to importers of Prepared Animal Fodder
 How many types of shipping bills in export
 How to add Line number in Import General Manifest in Custom in India
 Import General Manifest (IGM)
 Why prefer exports?
How does a Running bond work?
 How does Bill of Lading work in DP payment terms?
Types of Export Containers   
Dimension of Cargo Containers
Difference between general dry cargo container and Tank Container
 How to import Vinegar,Beverages
 Foreign Trade Policy 2014-19 (FTP 2014-19) delayed
 Method to import Organic chemicals           
 How to import Perfumery, toilet preparations, oils   
Procedures to Import Clocks, Watches        
 Why, best attention while preparing Export Invoice?
Why to insure export goods?
What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
What is THC - Terminal Handling Charges
What is the difference between BAF and CAF
What is Tail Gate exam hold in US import clearance
How to make DA mode of payment safe
How to make delay in delivery of Shipment?  
What is Provisional Assessment in Import formalities in India?

What is said to contain in Bill of Lading.
What is Manifest Hold by US customs on import
What is MET exam in US import customs clearance
What is legalization of documents by embassy?
 What is LET EXPORT order in export trade?
What is Line number in IGM
 What does ECGC do on default of payment of any overseas buyer?
Import of milk,cheese,curd, Kephir and other milk products
Importation processes of Fish and crustaceans        
How to import Meat and Edible meat offal
Bank Packing credit to exporters of Floriculture, Grapes and Other Agro-based Products
How is packing credit/pre shipment finance be liquidated?  
Bank Pre shipment Finance to exporters

 


Comments


Sandeep Kadam: Please details about GR Waiver, Re import & export

Vijay Kumar: Sir it's very very helpful.

Vilas Naik: I have a problem as I have bought gold from Authorised Bank of qty 5.00 Kg, but i have utilised 2.00 kg and forgot to use balance qty in next shipments. According to authorised bank we have not used balance qty within stipulated period ie. 180 days, so will not get custom duty on remaining qty. Now, what can i do to get custom duty on balance gold qty.

sanjay: We received some shipments of Pharmaceutical products from India which were faulty etc. We now wish to send these back for rectification and return the same back to us. The manufactures are in India and they are willing to re-pack and rectify the products before re-shipping the same back to us. Kindly advise on the procedures etc as these goods should be treated as 'Bonded" and should have no duties levied etc as they are being re-exported back to us in the UK.

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers