Excise duty drawback

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Ritesh Bharadiya (Querist)
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28 August 2013 Dear Sir,

I have read about duty drawback but I am unable to understand so sir pl explain me what is duty drawback in briefly with example.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 August 2013 I AM POSTING FOLLOWING link:

http://www.ieport.com/Customs_manual/customs-manual-2012%2822%29.PDF

if you have need any information please ask we assist u:

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Ritesh Bharadiya

Ritesh Bharadiya (Querist)
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17 September 2013 Thank sir
I have download and read this link but till I have confusion about duty drawback if you will give me an practical example then it will help full to me for understanding.

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 September 2013 suppose if you export the goods milk cream UNDER ITC HS CODE 0401 dbk is available on this item 1% when you not availed the cenvat

export done :5000 USD

fob in inr 5000*exchange rate assume rs.60

fob value is : 5000*60=3,00,000
dbk will be 1%on 300000= Rs.30,000

BUT IF YOUR BUYER PROVIDE YOU FC 4900(SUPPOSE) THE DBK INCENTIVE WILL BE ADMISSIBLE =4900*60*1%

RS.=29,400

Ritesh Bharadiya

Ritesh Bharadiya (Querist)
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18 September 2013 Thanks Sirji

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 September 2013 WELCOME RITESH JI

RAMESH VERMA