Duty drawback

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2013 my company has exported goods and wants to claim duty drawback . however the input used are all indigeneous on whom excise duty has been paid and cenvat claimed. there are no imported raw material used in manufacturing the final product which has been exported.

can i avail the duty drawback?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 June 2013

Duty Drawback under section 75 of Customs Act scheme provides refund of duties (Customs & Central Excise) paid on Raw Material & Inputs that have gone in production of goods for exports. Deemed Exports provision under FTP also provides drawback for deemed export purposes. They are given on the following basis:

All Industry Rate: Government has published drawback rates for several products which are regularly exported through a drawback schedule. Exporters of these products can get the drawback at the prescribed rates for the customs of port of export.

Brand Rate: In case the export product is not covered under the schedule, the exporter can file for drawback under brand rate of fixation to recover the duties actually suffered in the process.

Special Brand rates: Can be fixed in case the All Industry rates are available but is less than 4/5th of the actual duties suffered.

Duty Drawback upon 98% of duty paid is available on goods re-exported within a specified time, under Section 74. Duty Drawback at a specified percentage is available for partly used capital goods and re-exported.

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2013 so does that mean that i can claim the drawback even if no imported raw material is used in the production of the exported finished good?

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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19 July 2013 if you have paid the duty of the imported material can avail the DUTY DRAWBACK if this goods occurs in the list notified by MOC DEPARTMENT OF REVENUE.