Export incentive or drawback claim
This query is : Resolved
18 March 2019
Dear Sir,
We have exported to Nepal from India. We would like to avail the export incentive or dutydrawback. Could you please tell me the process to apply? What are the necessary documentation? Where to apply? Please advice me.
Thanks in advance.
We have exported to Nepal from India. We would like to avail the export incentive or dutydrawback. Could you please tell me the process to apply? What are the necessary documentation? Where to apply? Please advice me.
Thanks in advance.
30 June 2019
No Sir. I am looking for a help. Could you please guide us? Please directly email me to indoreleafsprings@gmail.com Looking forward for your soonest communication.
24 July 2024
To avail export incentives or duty drawback for exporting goods from India to Nepal, you need to follow certain procedures and documentation requirements. Here’s a general outline of the process:
### Export Incentives and Duty Drawback in India:
1. **Types of Export Incentives**:
- **Duty Drawback**: It is a refund of duties paid on imported materials used in the manufacture of exported goods or refund of excise duty paid on domestically procured inputs.
- **Export Promotion Capital Goods (EPCG) Scheme**: Allows import of capital goods at concessional duty for enhancing export competitiveness.
- **Merchandise Exports from India Scheme (MEIS)**: Provides duty credit scrip as a percentage of the FOB (Free on Board) value of exports.
- **Service Exports from India Scheme (SEIS)**: Provides rewards to service exporters.
2. **Process to Apply for Duty Drawback**:
- **Customs Documentation**: Ensure that you have prepared and submitted all necessary customs documents at the time of export. This includes shipping bills, export invoices, packing lists, etc.
- **Application**: File a claim for duty drawback with the customs department using the prescribed forms (e.g., Drawback claim form).
- **Documentation**: You will need invoices, bills of entry, proof of export, and other supporting documents as required by customs.
- **Verification**: Customs authorities may verify the export and import documents to ascertain the amount of duty drawback eligible.
3. **Process to Apply for Export Incentives (MEIS/SEIS)**:
- **DGFT (Directorate General of Foreign Trade)**: For schemes like MEIS and SEIS, you need to apply online through the DGFT portal (https://dgft.gov.in/).
- **Application**: Fill out the required application form and submit it along with necessary documents such as shipping bills, bank certificates, and other supporting documents.
- **Verification and Approval**: The application is processed by DGFT. Upon verification and approval, duty credit scrips are issued which can be used for payment of customs duties or sold in the market.
4. **Special Considerations for Nepal**:
- **Customs Procedures**: Ensure compliance with customs procedures specific to exports to Nepal.
- **Bilateral Trade Agreements**: Check if there are any specific trade agreements or concessions between India and Nepal that may affect duties or incentives.
5. **Documentation Required**:
- **Shipping Bills**: Exporters need to submit shipping bills or bills of export.
- **Invoices**: Commercial invoices detailing the exported goods.
- **Proof of Export**: Evidence of export such as customs attested copy of the shipping bill.
- **Bank Realization Certificate (BRC)**: For MEIS and SEIS, you may need to submit BRCs from the bank.
6. **Where to Apply**:
- **Duty Drawback**: Apply with the customs department where the export goods were cleared.
- **MEIS/SEIS**: Apply online through the DGFT portal.
### Conclusion:
Ensure you follow all the procedural requirements and submit accurate documentation to facilitate a smooth processing of your export incentives or duty drawback claims. It’s advisable to consult with a customs broker or a trade consultant who can provide specific guidance tailored to your export transactions and the applicable export promotion schemes.
### Export Incentives and Duty Drawback in India:
1. **Types of Export Incentives**:
- **Duty Drawback**: It is a refund of duties paid on imported materials used in the manufacture of exported goods or refund of excise duty paid on domestically procured inputs.
- **Export Promotion Capital Goods (EPCG) Scheme**: Allows import of capital goods at concessional duty for enhancing export competitiveness.
- **Merchandise Exports from India Scheme (MEIS)**: Provides duty credit scrip as a percentage of the FOB (Free on Board) value of exports.
- **Service Exports from India Scheme (SEIS)**: Provides rewards to service exporters.
2. **Process to Apply for Duty Drawback**:
- **Customs Documentation**: Ensure that you have prepared and submitted all necessary customs documents at the time of export. This includes shipping bills, export invoices, packing lists, etc.
- **Application**: File a claim for duty drawback with the customs department using the prescribed forms (e.g., Drawback claim form).
- **Documentation**: You will need invoices, bills of entry, proof of export, and other supporting documents as required by customs.
- **Verification**: Customs authorities may verify the export and import documents to ascertain the amount of duty drawback eligible.
3. **Process to Apply for Export Incentives (MEIS/SEIS)**:
- **DGFT (Directorate General of Foreign Trade)**: For schemes like MEIS and SEIS, you need to apply online through the DGFT portal (https://dgft.gov.in/).
- **Application**: Fill out the required application form and submit it along with necessary documents such as shipping bills, bank certificates, and other supporting documents.
- **Verification and Approval**: The application is processed by DGFT. Upon verification and approval, duty credit scrips are issued which can be used for payment of customs duties or sold in the market.
4. **Special Considerations for Nepal**:
- **Customs Procedures**: Ensure compliance with customs procedures specific to exports to Nepal.
- **Bilateral Trade Agreements**: Check if there are any specific trade agreements or concessions between India and Nepal that may affect duties or incentives.
5. **Documentation Required**:
- **Shipping Bills**: Exporters need to submit shipping bills or bills of export.
- **Invoices**: Commercial invoices detailing the exported goods.
- **Proof of Export**: Evidence of export such as customs attested copy of the shipping bill.
- **Bank Realization Certificate (BRC)**: For MEIS and SEIS, you may need to submit BRCs from the bank.
6. **Where to Apply**:
- **Duty Drawback**: Apply with the customs department where the export goods were cleared.
- **MEIS/SEIS**: Apply online through the DGFT portal.
### Conclusion:
Ensure you follow all the procedural requirements and submit accurate documentation to facilitate a smooth processing of your export incentives or duty drawback claims. It’s advisable to consult with a customs broker or a trade consultant who can provide specific guidance tailored to your export transactions and the applicable export promotion schemes.
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