Petroleum operations exemption

Fresh Contract, Fresh Import: Delhi High Court Denies Customs Re-Import Exemption on Petroleum Equipment Routed Through an FTWZ

Baker Hughes, BJ Services and Halliburton argued that parking exploration equipment in an FTWZ between contracts let them re-enter it duty-free as a re-import. The Delhi High Court disagreed: without continuity between the export and the return, there is no re-import at all.